Tremendous development opportunity or 1031 candidate. This 3 acre hard corner is right in the middle of the growth in the area. Ideal location for a retail development. This area is in great need of retail from coffee shops to clothing. 3 acres is the right size for a shopping center. However, there are no known restrictions on the property, so it could be developed into anything as it is in the county. If you need sewer, then you would need to annex into the city. Sewer is all around this property. The old structures on the property have been removed, so now it's just land. Seller financing is available.
Property Features
Location Information
County
Collin
Subdivision
SD Terry Surv Abs #890
Interior Features
Has Fireplace
No
Exterior Features
Utilities
Electricity Available, Overhead Utilities, Sewer Available, Water Available
Zoning
Unzoned. In the county
Lot Description
Acreage, Corner Lot
Road Description
County Road, Farm to Market Road, All Weather Road,
Lot Size in Acres
3.04
Is One Story
No
Lot Size in Sq. Ft.
132,422
Lot Description
Acreage, Corner Lot
Current Use
Vacant
School
Elementary School District
Princeton ISD
Jr. High School
Mattei
Elementary School
James
High School
Lovelady
Additional Information
Property Type
LL
Has a Home Owners Association
No
Property SubType
Unimproved Land
Tax Annual Amount
12046.0
Year Built
1965
Documents Available
Survey, Aerial
Status
Active
Lot Acres Source
Assessor
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Mortgage Calculator
$11,651
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$8,990
Monthly Tax
$2,079
Monthly Insurance
$582
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
