This ±10-acre land offering in Grayson County presents an opportunity for investors, developers, and land buyers seeking a property with existing income and future development potential. Located on Preston Road just south of FM 406 in Denison, the site benefits from road frontage and convenient access to the area's expanding residential and commercial growth corridors. Denison continues to attract investment due to its proximity to U.S. Highway 75, Sherman, Lake Texoma, and major North Texas employment centers, supporting long-term demand for residential and mixed-use development opportunities.
The property is improved with three existing mobile home rental units that currently generate a combined rental income of approximately $4,700 per month. This existing cash flow provides an income component while ownership evaluates future development, expansion, or repositioning opportunities. The site's ETJ zoning designation offers flexibility for a variety of potential land uses subject to applicable approvals and development requirements.
With approximately 330 feet of frontage along Preston Road, the property offers visibility and accessibility for future users. Existing well and septic infrastructure support the current improvements, while the surrounding area continues to experience increasing interest from residential and land investors seeking locations near Denison's growing population base and regional transportation network.
The combination of current income, frontage, acreage, and location within one of North Texas' active growth markets creates a compelling opportunity for buyers seeking both near-term revenue and long-term development potential.