5551 Fm 982, Princeton, TX 75407
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5551 Fm 982, Princeton, TX 75407
5551 Fm 982, Princeton, TX 75407
5551 Fm 982, Princeton, TX 75407
5551 Fm 982, Princeton, TX 75407
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Silvia & Luiz Mendes
$ 2,495,000
Est. payment /mo
Active

5551 Fm 982 Princeton, TX 75407

3.04 Acres Lot


UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Sd Terry Surv Abs #890

MLS Listing ID 21271034

HOA Y/N None

Year Built 1965

Annual Tax Amount $12,046

Lot Size 3.040 Acres

Acres 3.04

Property Sub-Type Unimproved Land

Property Description

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.

Location

State TX

County Collin

Zoning Unzoned. In the county

Direction Located on the Peninsula in Princeton. From 380, take FM-982 (2nd St) south to the peninsula. Property is on the SE corner of FM-982 and CR-1099 on the left past the Dollar Tree. GPS will get you there.

Exterior

Utilities Available All Weather Road, Asphalt, Co-op Water, Electricity Available, Outside City Limits, Overhead Utilities, Sewer Available

Street Surface Asphalt

Lot Frontage 753.0

Garage No

Building

Lot Description Acreage, Corner Lot

Schools

Elementary Schools James

Middle Schools Mattei

High Schools Lovelady

School District Princeton Isd

Others

Restrictions No Known Restriction(s)

Acceptable Financing 1031 Exchange, Cash, Conventional, Lease Option, Owner Will Carry

Listing Terms 1031 Exchange, Cash, Conventional, Lease Option, Owner Will Carry

Special Listing Condition Aerial Photo

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21271034


North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by David Gloria • Ebby Halliday, Realtors

NEARBY SCHOOLS & PROPERTIES

Silvia & Luiz Mendes

Silvia & Luiz Mendes

Global Real Estate Advisors | License ID: 0613524

+1(214) 755-3504

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5551 Fm 982