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Investment Highlights
- Income producing 227 approx Feet Highway 377 Frontage with Spring fed water feature. Level ground
- TXDOT 6-lane highway expansion, this property is set to benefit from increased traffic counts,
- 3.049 acres +- One of two contiguous parcels. The adjoining 2.716 Acre parcel will be available in future doubling the highway frontage.
Executive Summary
This offering includes the opportunity to acquire the 3.049 acre tract, one of two contiguous parcels. The adjoining 2.716 Acre parcel is not for sale at this time and not included in this offering. East facing Prime location with immediate proximity to N. Sherman Drive, FM 455, Springhill Road and US HWY 380 known as the North Texas most active Commercial Corridors. Currently zoned residential this rare property is surrounded by expanding infrastructure and ongoing residential development, this location offers both immediate access and long term upside for investors, institutional assembly and commercial users. With planned TXDOT 6-lane highway expansion, this property is set to benefit from increased traffic counts, enhanced visibility and long term commercial viability. New owners will receive the eminent domain compensation from TXDOT partial acquisition which consists of. approx 5,7678 sq ft. As infrastructure drives development, sites like this become key anchors for institutional assembly, future retail, service or mixed use projects to cater to the surge of new residential development under construction. Structured with a one-year lease back to Seller this income producing property has a residential 4 bedroom 3 bath with recreation room single family home or office and propane heated pool. Well-suited for an owner-operator looking to establish a flagship presence. Buyers are encouraged to conduct independent due diligence to verify all information. Owner occupied. This property is subject to eminent domain. Please contact Listing Agent Ashlee Luna for additional questions or to schedule a tour. Survey available.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
1 Lot Available
Lot II
| Price | $3,668,838 CAD | Lot Size | 3.04 AC |
| Price Per AC | $1,206,854.75 CAD |
| Price | $3,668,838 CAD |
| Price Per AC | $1,206,854.75 CAD |
| Lot Size | 3.04 AC |
3.049 +- Commercial Eligible Acres with over 225 feet of Highway 377 frontage. Now available for the first time in over 50 years, positioned directly in the path of opportunity East facing Prime location with immediate proximity to N. Sherman Drive
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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8293 Highway 377
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