6035 US HIGHWAY 380, CADDO MILLS, TX 75135

Homes for sale in Caddo Mills.

Homes for sale in 75135.


Status of the property has changed, please contact for details

List Price$2,896,920

6035 US Highway 380

Caddo Mills, TX 75135

Listing Image Listing Image

Listing #20895456

36.21

Acres

Lots / Land

Type

About This Property

Rare find Investment with over 2600' of PRIME road frontage including over 900' on bustling Highway 380! This Premium 36+ acre Hard Corner is where the future 380 bypass around Farmersville will rejoin the Highway at the Hunt County line Road. This will be a major intersection, and an excellent location for a fuel center, convenience store, restaurant, retail or light industrial. This land is on the Hunt County side of the road, and comes with two existing sources of income: A 3bed, 2bath brick home with shop and barn, perfect for rental property PLUS a communications tower with approx 5 years remaining on existing lease. Tower generates approx 13K-15K in annual revenue, and lessee has expressed an interest in extending the lease. The land currently has an ag exemption for hay production and also features a large pond. This is an Excellent Location on one of the Busiest thoroughfares in North Texas. Everyone is Buzzing about the Highway 380 expansion, and development tracts between Farmersville and Greenville are getting scarce.. Existing 12 inch water line along Hwy frontage makes development easy. Not often investors find a parcel with such strong current income with a very high ROI in the very near future.

Property Features

Location Information

County

Hunt

Subdivision

Johnson Hezekiah

Interior Features

Has Fireplace

No

Exterior Features

Lot Description

Acreage, Agricultural, Corner Lot, Level, Pasture, Pond on Lot, Few Trees

Zoning

Not Zoned

Lot Size in Acres

36.212

Road Description

County Road, Highway, All Weather Road, Concrete

Lot Size in Sq. Ft.

1,577,372

Is One Story

No

Current Use

Agricultural, Residential, Single Family

Lot Description

Acreage, Agricultural, Corner Lot, Level, Pasture, Pond on Lot, Few Trees

Possible Best Use

Commercial, Development, In

School

Elementary School District

Bland ISD

Jr. High School

Bland

Elementary School

Bland

High School

Bland

Additional Information

Property Type

LL

Has a Home Owners Association

No

Property SubType

Improved Land

Tax Annual Amount

2790.0

Year Built

1980

Lot Acres Source

Appraiser

Status

Closed

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