Exclusive Opportunity: 10.19 Acre Redevelopment Property in Gunter, Texas Located in a rapidly growing area of Grayson County, this 10.19-acre property offers a prime redevelopment opportunity with flexible commercial zoning (C-1), ideal for retail, office, and hospitality ventures. Currently priced at $3,900,000, with an appraisal value of $5,170,000, the property features four well-constructed buildings totaling 12,013 square feet of gross leasable area. Key Highlights: • Strategic Location: Located with direct access to Preston Road, the site is equidistant from US 75 to the east and the future Dallas North Tollway to the west, ensuring high visibility and excellent connectivity. • Versatile Zoning: Zoned for a variety of uses, including retail, office, commercial, and potential hotel development. • Existing Improvements: Modern event center buildings perfect for weddings, corporate gatherings, and other large events, currently 100% owner-occupied. • Flood Plain Remediation: A portion of the property lies within a 100-year flood zone, but we have a remediation plan in place, with an estimated cost of less than $20,000, to elevate the land to FEMA’s required level through a cost-effective cut and fill process. • Future Development Potential: The property includes additional tracts for parking, and future plans can accommodate a hotel or additional retail spaces, with over 4 acres of space for future expansion. • City Infrastructure Expansion: The City of Gunter plans to enhance infrastructure with sewer systems and drainage improvements, which will further increase the property’s accessibility and value. • Optional 1.89 Acres for Separate Sale: A 1.89-acre tract of the property, currently designated for green belt and drainage, is available for sale separately, providing flexibility for future development or investment.