Property
Beds
4
Full Baths
3
1/2 Baths
None
Year Built
1973
Sq.Footage
2,640
3.049 +- Commercial Eligible Acres with over 225 feet of Highway 377 frontage. Now available for the first time in over 50 years, positioned directly in the path of opportunity. Not located in Flood Zone and Outside City Limits. East facing Prime location with immediate proximity to N. Sherman Drive, FM 455, Springhill Road and US HWY 380 known as the North Texas most active Commercial Corridors. This offering includes the opportunity to acquire the 3.049 acre tract, one of two contiguous parcels. The adjoining 2.716 Acre parcel is not for sale at this time and not included in this offering. Currently zoned residential this rare property is surrounded by expanding infrastructure and ongoing residential development, this location offers both immediate access and long term upside for investors, institutional assembly and commercial users. With planned TXDOT 6-lane highway expansion, this property is set to benefit from increased traffic counts, enhanced visibility and long term commercial viability. New owners will receive the eminent domain compensation from TXDOT partial acquisition which consists of. approx 5,7678 sq ft. As infrastructure drives development, sites like this become key anchors for future retail, service or mixed use projects to cater to the surge of new residential development. Structured with a one-year lease back to Seller this income producing property has a residential 4 bedroom 3 bath with recreation room single family home or office and propane heated pool. Well-suited for an owner-operator looking to establish a flagship presence. Buyers are encouraged to conduct independent due diligence to verify all information. Owner occupied. This property is subject to eminent domain. Information uploaded in transaction desk Please contact Listing Agent Ashlee Luna for additional questions or to schedule a tour. Survey available.
Features & Amenities
Interior
-
Other Interior Features
Built-in Features
-
Total Bedrooms
4
-
Bathrooms
3
-
Basement YN
NO
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Additional Parking, Aggregate
-
Pool
Yes
-
Pool Features
Gunite, Heated
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
3.049
-
Lot Size(square feet)
132814.44
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Craftsman, Early American
Price
-
Sales Price
$3,049,000
-
Tax Amount
$3,096
-
Sq. Footage
2, 640
-
Price/SqFt
$1,154
HOA
-
Association
No
School District
-
Elementary School
Pilot Point
-
Middle School
Pilot Point
-
High School
Pilot Point
Property Features
-
Sewer
Septic Tank
-
Tax Lot
II
-
Water Source
Public
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Location
County
Denton
Elementary School
Pilot Point
Middle School
Pilot Point
High School
Pilot Point
Listing Courtesy of Ashlee Luna , RE/MAX Premier
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