429 FM Terrell, TX 75161

This undeveloped commercial acreage in Terrell offers a blank-slate development opportunity on 16 acres. The property is positioned for buyers who want flexibility to shape an eventual commercial or mixed-use project, with no existing improvements described in the listing. It also sits within the ETJ of Terrell, which the listing notes can provide development flexibility outside city limits and fewer zoning restrictions than inside city boundaries.

The land includes approximately 956 feet along FM 429, providing direct main-road exposure. The listing describes the location as having exceptional access and not being located in a FEMA flood zone. It is also identified as being within a federally designated Opportunity Zone, which may support potential tax advantages for qualifying long-term holds, including possible deferral and reduction of capital gains, and potential elimination of taxes on new gains after 10 years.

For investors and developers, this site may be attractive where a straightforward, ground-up plan is desired and where Opportunity Zone positioning is a key part of the acquisition thesis. The combination of main-road frontage, ETJ flexibility, and flood-zone status can support a range of commercial development concepts, subject to applicable approvals.