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10756 Farm to Market 121 - 51.6+/- Acres | Van Alstyne, TX
51.6 Acres of Residential Land Offered at $6,803,856 CAD in Van Alstyne, TX 75495
Investment Highlights
- The Site is located less than a mile and a half east of US-75, which offers convenient access to the DFW Metroplex.
- K. Hovnanian is selling homes in their Lincoln Pointe subdivision across FM 121 from the Site with homes up to $624,900.
- The residential mix in the Planned Development allows for 25 homes on 75’ lots, 67 homes on 65’ lots, and 34 homes on 40’ lots (Duet Homes).
- Numerous national neighborhood retailers are less than a mile and a half from the Site including McDonald’s, Sonic, Subway, Dollar General, and more.
- The Site is zoned by a conditionally approved Planned Development allowing for 126 single-family lots and 1 acre of Commercial.
- The one-acre commercial tract follows the City of Van Alstyne C-1 zoning which allows for child care centers, professional office, restaurants & more.
Property Facts
| Price | $6,803,856 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 51.60 AC |
| Price | $6,803,856 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 51.60 AC |
1 Lot Available
Lot
| Price | $6,803,856 CAD | Lot Size | 51.60 AC |
| Price Per AC | $131,858 CAD |
| Price | $6,803,856 CAD |
| Price Per AC | $131,858 CAD |
| Lot Size | 51.60 AC |
Description
Vanguard Real Estate Advisors has been exclusively retained to offer builders and developers the opportunity to purchase 51.6+/- zoned acres along FM 121 in Van Alstyne, TX (the “Site”). The Site is zoned with a conditionally approved Planned Development pending finalization of a Development Agreement that is currently being negotiated by Seller which allows for 126 single-family lots and one acre of commercial. The single-family lots sizes include 75’, 65’, and 40’. The Site is prominently located less than a mile east of Downtown Van Alstyne and less than a mile and a half east from US-75 providing convenient access to the DFW Metroplex. This represents an excellent opportunity to purchase land with residential and commercial entitlements in a rapidly growing submarket of North Texas. A 2% co-broker fee is available to a third-party broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity
PROPERTY TAXES
| Parcel Number | 135658 | Improvements Assessment | $0 CAD |
| Land Assessment | $3,888 CAD | Total Assessment | $3,888 CAD |
PROPERTY TAXES
zoning
| Zoning Code | Planned Development |
| Planned Development |
Contacts
-
Jordan Cortez -
Justin Tidwell -
Mason John -
Haley Birmingham -
Will Droese -
Reid Pierce -
Jim McNulty -
Vanguard Real Estate Advisors
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10756 Farm to Market 121 - 51.6+/- Acres | Van Alstyne, TX
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