8293 Highway 377 - Commercial LAND FOR SALE


Pilot Point, TX 76258 132,422 SF
$2,649,000 USD
972-730-6024
8293 Highway 377, Pilot Point, TX for Sale
$2,649,000 USD
Commercial LAND - FOR SALE
1/13
132,422 SF

8293 Highway 377
Pilot Point, TX 76258


HIGHLIGHTS

  • Income producing 227 approx Feet Highway 377 Frontage with Spring fed water feature. Level ground
  • 3.049 acres +- One of two contiguous parcels. The adjoining 2.716 Acre parcel will be available in future doubling the highway frontage.
  • TXDOT 6-lane highway expansion, this property is set to benefit from increased traffic counts,

OVERVIEW

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. 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. 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 institutional assembly, future retail, service or mixed use projects to cater to the surge of new residential development under construction. 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. Please contact Listing Agent Ashlee Luna for additional questions or to schedule a tour. Survey available.

FOR SALE DETAILS

PRICE

$2,649,000 USD

PRICE/ACRE

$871,382/AC

PRICE/SF

$20 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Apartment Units, Auto Dealership, Auto Repair, Bank, Bar, Community Center, Convenience Store, Day Care Center, Drug Store, Fast Food, Funeral Home, General Freestanding, Hold for Development, Hold for Investment, Hotel, Motel, Office Park, Police/Fire Station, Post Office, Public Library, Restaurant, Retail Warehouse, Self-Storage, Service Station, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Strip Center, Supermarket

LAND ACRES

3.04 AC

LAND SF

132,422 SF

OFFSITE IMPROVEMENTS

Water, Electricity

ZONING

Residential

APN/PARCEL ID

R556358

ASK ABOUT THIS PROPERTY

Ashlee LunaTop Brass AuctioneersMore Info
972-730-6024

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Ashlee LunaTop Brass AuctioneersMore Info
972-730-6024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.