Investment Opportunity in North Texas

By
Real Estate Agent with Keller Williams Realty

US HWY 380 and near LOOP 288 in Denton, TX           Listed at $3,900,000

View Across Highway 380 to New SubdivisionThis property is prime real estate for investors and developers.  With 18+ acres and plenty of road frontage off of Hwy 380 it is just waiting for the right buyer wanting to develop in one of the fastest growing areas in Texas, just north of the Dallas/Fort Worth metroplex area.

The property is situated right on the outskirts of Denton, TX and located on a six-lane highway with a center lane for turning.  It could be developed into strip shopping, a gas station/restaurant area, distribution or warehouse center for a large retailer or similar uses.

As a bonus, the land has access on 380 in the front, but also has access in the back on Fishtrap Road.  There is pleny of traffic on 380 in both directions between Denton and McKinney and there are several huge subdivisions just east of the property including Providence, Savannah, and Paloma Creek (and that is not even including the new subdivision just across the street and pictured here).

Horses on PropertyThough properly priced according to demographic studies, historical sales comparisons and the current market, it is still a bargain compared to other listings in the area.  No other listings have as much acreage, have dual access through 380 and a back street, and are located in such a prime location on 380 and close to Loop 288 around Denton.  As an example when I last checked, the property listed just to the west of this one has only 7-8 acres and is listed for $2,500,000.

Just two and three parcels over and at the intersection of 380 and Geesling there is a United Copper Industries office distribution center and a Bobcat Machinery industrial and commercial rental center.  This indicates the flexibility available in the area for both zoning and potential use.  Don't pass on this opportunity!

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