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    0000 State Hwy 78 Hwy Lavon, TX 75166

    For Sale
    $13,795,888

    High-growth area, prime retail opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 21.11-acre tract presents a remarkable investment opportunity in the rapidly expanding city of Lavon, Texas. Strategically located along the west frontage of State Highway 78, a six-lane divided highway, and FM 6, this property enjoys unparalleled visibility and accessibility. Its prime location directly across Highway 78 from the burgeoning 200-acre LakePointe Community, currently under development, ensures significant exposure to a growing residential population. Further enhancing its desirability is its adjacency to the Elevon Community, a substantial mixed-use development encompassing approximately 1,600 acres, with its initial phase already underway. Lavon's explosive residential growth fuels a strong demand for commercial and retail establishments, making this property ideally suited for a variety of development scenarios. The expansive acreage allows for flexibility, with the potential for division into half-acre or larger lots, catering to diverse development plans. Owner financing is available, making this an even more attractive proposition for discerning investors seeking to capitalize on Lavon's remarkable growth trajectory. This is a rare chance to secure a prominent position in a thriving market poised for continued expansion. The property's high visibility and strategic location make it an exceptional choice for retail development, ensuring strong returns on investment.

    Property Features for 0000 State Hwy 78 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    919,552 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lavon
    County
    Collin
    State
    Texas
    Longitude
    -96.42503
    Latitude
    33.0433

    Nearby Comparable

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      000 State Hwy 78 Hwy, Lavon, TX 75166
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      Land For Commercial Development

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      Lavon Commercial Land For Sale

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      Land Near Master-Planned Community

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      Lavon Industrial Property for Sale

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      Lavon Industrial Property: High Visibility

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    FAQs

    What type of property is this?
    Commercial real estate - High-growth area, prime retail opportunity.
    Where is this commercial real estate located?
    The property is located at 0000 State Hwy 78 Hwy Lavon, TX.
    What is the asking price?
    The asking price for this property is $13,795,888.
    Request Owner's contact information
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    Lavon, TX 75166
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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
    0000 State Hwy 78 Hwy Lavon, TX 75166
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