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    1424 Longneck Rd Princeton, TX 75407

    Sponsored
    For Sale
    $1,590,000

    12.82 Acres, Commercial Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional 12.82-acre property presents a unique investment opportunity in Princeton, Texas. Strategically positioned at the intersection of Longneck Road and Monte Carlo Boulevard, this parcel boasts two convenient access points, maximizing its development potential. Approximately 4.219 acres are designated as buildable and conveniently located outside the flood zone, minimizing risk and streamlining the development process. Currently zoned for agricultural use, the property is already designated for future commercial development in the city's comprehensive plan, making it an ideal site for a variety of commercial ventures. The land itself is level and roughly graded, simplifying site preparation. City water and sewer lines are readily available, eliminating significant infrastructure hurdles. While an existing residential structure is present on the property, its presence doesn't detract from the significant commercial potential of this expansive parcel. The combination of prime location, buildable acreage, utility access, and future commercial zoning makes this a highly attractive investment for developers and entrepreneurs seeking a foothold in the growing Princeton market. This is a rare opportunity to acquire a substantial tract of land perfectly positioned for future commercial growth. The asking price is $1,590,000.

    Property Features for 1424 Longneck Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    558,439 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.50438
    Latitude
    33.18921

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    FAQs

    What type of property is this?
    Commercial real estate - 12.82 Acres, Commercial Potential
    Where is this commercial real estate located?
    The property is located at 1424 Longneck Rd Princeton, TX.
    What is the asking price?
    The asking price for this property is $1,590,000.
    Request Owner's contact information
    1424 Longneck Rd Princeton, TX 75407
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    Princeton, TX 75407
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1424 Longneck Rd Princeton, TX 75407
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