Franklin Land Company is exclusively offering Tract B of Planned Development 38 (PD 38) — a ±61.12 acre entitled residential development site in Princeton, TX. The property is being offered separately from the balance of PD 38, which covers ±104.613 acres in total. KEY DEAL POINTS: Fully entitled for 315 single family detached lots (200 x 50' lots + 115 x 40' lots) under City of Princeton Ordinance No. 2022.10.24.05. Entitlements run with the land and convey at closing. GRANDFATHERED FROM MORATORIUM. The site is governed by an existing development agreement and is not subject to the City of Princeton's current citywide development moratorium. This is one of very few near term, shovel ready residential tracts available in Collin County. Princeton CCN serves both water (CCN No. 13195) and wastewater (CCN No. 21057). Utility availability letters available upon request. Adjacent Tract A within the same PD is separately entitled for a 205 unit Build to Rent community, providing complementary product mix and shared infrastructure efficiencies. ±240 acres in the immediate area is reportedly under contract to Green Brick Partners — strong validation of institutional builder demand in the immediate trade area. Property is split between two school districts: ±16 acres in McKinney ISD (Webb Elementary / Scott Morgan Johnson Middle / McKinney North High) and ±45 acres in Princeton ISD (Green Elementary / Southard Middle / Princeton High). Combined tax rates of approximately 1.77% (MISD portion) and 1.88% (PISD portion). PRICING: Available upon request — please call for pricing. DUE DILIGENCE: A complete package is available to qualified buyers under CA, including the recorded development agreement, ordinance, concept plan, utility availability letters, title commitment, and survey.