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614 Lone Oak St
Lewisville, TX 75057

Lone Oak Parcel in Old Town District · Land For Sale · 0.55 AC

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Investment Highlights

Commercial lot ready for development in the Old Town District of Lewisville. Great street presence and ease of access to major thoroughfares.

Executive Summary

Commercial lot in the Old Town District of Lewisville with mixed use zoning and easy access to both Business Highway 121 and Interstate 35. This lot is ready for development with great visibility, utilities to site and has the potential to become a corner lot as Lone Oak Street will be extended to connect with E Purnell Street. Newly built townhomes and apartments as well as multiple other commercial projects are underway in the downtown area to support vigorous growth opportunities!

PROPERTY FACTS

Sale Type	Investment or Owner User	Property Subtype	Industrial
Sale Conditions	1031 Exchange Build to Suit	Proposed Use	Commercial
No. Lots	1	Total Lot Size	0.55 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange Build to Suit
No. Lots	1
Property Type	Land
Property Subtype	Industrial
Proposed Use	Commercial
Total Lot Size	0.55 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$1,400,539 CAD	Lot Size	0.55 AC
Price Per AC	$2,546,434 CAD

Price	$1,400,539 CAD
Price Per AC	$2,546,434 CAD
Lot Size	0.55 AC

Commercial lot in the Old Town District of Lewisville with mixed use zoning and easy access to both Interstate 35N and Business HWY 121. Lone Oak Street will connect to Purnell Street and this property will be a corner not. Utilities to site!

Description

Property was use for residential purposes, but the property has been improved with city utilities and fronts both E Purnell Street and will front on Lone Oak Street once developed. Property is ready for improvement and has multiple use options.

PROPERTY TAXES

Parcel Number	R92090	Improvements Assessment	$0 CAD
Land Assessment	$346,472 CAD	Total Assessment	$346,472 CAD

PROPERTY TAXES

Parcel Number

R92090

Land Assessment

$346,472 CAD

Improvements Assessment

$0 CAD

Total Assessment

$346,472 CAD

zoning

Zoning Code	Multi Use / Industrial (Property could be approved by the city for townhome or multi family use.)
Multi Use / Industrial (Property could be approved by the city for townhome or multi family use.)

Listing ID: 34097274
Date on Market: 2024-12-05
Last Updated:
Address: 614 Lone Oak St, Lewisville, TX 75057

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