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4647 FM 982 - Princeton 7.66 Acres 7.66 Acres of Commercial Land Offered at $3,413,160 CAD in Princeton, TX 75407
Investment Highlights
- FM-982 is the primary access to the peninsula
- Backs up to Corps of Engineers land
- Unlimited Possibilities
- This is the last property before leaving the peninsula
- Walk down to Lake Lavon
- Includes updated home
Executive Summary
Property is in the county (no ETJ) and includes a home that could be used as an office while benefiting from partial ag exemption. This amazing property backs up to the U.S. Army Corps of Engineers land with access to Lake Lavon.
Fully fenced and gated. With thousands of planned homes in the immediate area, this is a tremendous development opportunity or an excellent 1031 candidate. Ideal for an Event Center, Retail Development, Residential Development or a C-store with fuel. Currently there are thousands of home sites developed or planned in the immediate area, but there is very little retail at this time.
Property Facts
| Price | $3,413,160 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 7.66 AC |
| Property Type | Land | ||
| Zoning | None - Property is not in the city or ETJ, but if sewer is needed, then property would have to annex into the City of Princeton as they have the CCN. | ||
| Price | $3,413,160 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 7.66 AC |
| Zoning | None - Property is not in the city or ETJ, but if sewer is needed, then property would have to annex into the City of Princeton as they have the CCN. |
1 Lot Available
Lot
| Price | $3,413,160 CAD | Lot Size | 7.66 AC |
| Price Per AC | $445,582.26 CAD |
| Price | $3,413,160 CAD |
| Price Per AC | $445,582.26 CAD |
| Lot Size | 7.66 AC |
Land front FM-982 with is the main road on and off of the peninsula. Land backs up to Corps of Engineers land and Lake Lavon. Partial ag exemption. Fenced and Gated.
Description
High Profile Location in the heart of growth in Princeton TX which is ranked the fastest growing city in the U.S. Property is in the county (no ETJ) and includes an updated home that could be used as an office while benefiting from partial ag exemption. This amazing property backs up to the U.S. Army Corps of Engineers land with access to Lake Lavon. Fully fenced and gated. With thousands of new homes planned in the immediate area, this is a tremendous development opportunity or an excellent 1031. Ideal for an Event Center, Retail Development, Residential Development or a C-store with fuel. Currently there are thousands of home sites developed or planned in the immediate area, but there is very little retail at this time.
Property Taxes
| Parcel Numbers | Improvements Assessment | $261,281 CAD | |
| Land Assessment | $104,151 CAD | Total Assessment | $482,807 CAD |
Property Taxes
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4647 FM 982 - Princeton 7.66 Acres
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