Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
9.55 acres
Prime Residential Development Opportunity – Leonard, TX. Excellent investment and development opportunity featuring 9.55 total acres comprised of five separate parcel numbers. The property has received preliminary plat approval for an 11-lot subdivision, with proposed lot sizes ranging from approximately 0.165 acres to 3.68 acres. Much of the heavy lifting has already been completed. The seller has obtained preliminary plat approval from the city and has begun infrastructure improvements, including installation of new water and sewer lines to the front of each proposed lot and road upgrades. Completion of the remaining construction items and approval by the City Engineer will allow for final plat approval and the ability to sell the lots individually. Projected subdivision sellout value is great upon completion, creating an attractive opportunity for developers, builders, investors, or land bankers looking for a project that is well underway. Ideally located just off US Highway 69 and adjacent to a recently completed residential community, the property benefits from excellent access and strong residential growth in the area. Students are served by Leonard ISD, including a recently constructed elementary school. The seller is seeking an early exit to focus on other investment opportunities, creating a unique chance for a buyer to complete the project and capture the remaining upside. Property Highlights: 9.55 acres total, 5 separate parcel numbers, Preliminary plat approved for 11 lots, Lot sizes from approximately 0.165 to 3.68 acres, Water and sewer improvements underway, Road improvements in progress, Estimated sellout value is great, Adjacent to newer residential development, Convenient access to US-69, Leonard ISD schools, Significant entitlement and infrastructure work already completed. A rare opportunity to acquire a near-complete subdivision project in a growing North Texas market.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Cul-De-Sac, Interior Lot, Subdivided
-
Lot Size(acres)
9.55
-
Lot Size(square feet)
415,998
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Property Type
Land
-
Property Sub Type
Unimproved Land
Price
-
Sales Price
$535,000
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Zoning
Residential
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Leonard
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Middle School
Leonard
-
High School
Leonard
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Fannin
Elementary School
Leonard
Middle School
Leonard
High School
Leonard
Listing Courtesy of Terence Burnside , BLVD Real Estate
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AGENT
Joe Boston
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