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    2595 Fm 982 Princeton, TX 75407

    Sponsored
    For Sale
    $1,950,000

    Prime Commercial Land, High-Growth Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional 4.7-acre unrestricted property in Princeton, TX, presents a remarkable commercial development opportunity. Located in Collin County, this tract benefits from the explosive growth currently transforming Princeton, recently ranked the third fastest-growing city in the United States by the US Census Bureau. The surrounding area is experiencing a surge in residential construction, with major developers like Lennar and DR Horton building thousands of new homes. This high volume of new housing creates significant demand for commercial services and retail spaces. The property's unrestricted nature allows for a wide range of development possibilities, including a shopping center, gas station, neighborhood commercial center, retail development, storage facility, or RV park. The potential for an apartment complex is also viable. A mobile home currently situated on the site could serve as immediate office space, or the seller is willing to remove it prior to closing. The seller will also consider a ground lease for the right tenant. This is a rare chance to capitalize on the unprecedented growth in Princeton, offering substantial returns for a forward-thinking investor. Don't miss this exceptional business opportunity.

    Property Features for 2595 Fm 982

    General Information

    Property type
    Other commercial real estate
    Lot Size
    205,168 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Storage Facility HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.49114
    Latitude
    33.13981

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Land, High-Growth Area
    Where is this commercial real estate located?
    The property is located at 2595 Fm 982 Princeton, TX.
    What is the asking price?
    The asking price for this property is $1,950,000.
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    2595 Fm 982 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
    2595 Fm 982 Princeton, TX 75407
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