Gunter Development Opportunity on FM
115 East Main Street, Gunter, TX 75058
7.26 acres in Gunter near Preston Rd and Downtown.
Type:Lots & Acreage / Improved Land
Property size:
316,245 SFLot size:
7.26 AcresPrice / SF:
$2/SF- Added:
- Aug 21, 2023
- Days on Market:
- 1018
- Last Refresh:
- Mar 13 at 3:27 pm
Property Features for 115 East Main Street
General Information
- Standard status
- Active
- Size
- 316,245 SF
- Lot size
- 7.26 Acres
- Property subtype
- Lots & Acreage / Improved Land
Building Details
- Year Built
- 1960
Listing agent Janith Boyd License #0332734 (972) 529-8381
Listing office SocialLivingRealEstateBoutique (972) 529-8381
Listing date Aug 21, 2023
Source Compass
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HighLights
- 7.26 acres in city limits of Gunter, offering significant development or investment potential.
- Strategic location on Main Street (FM 121) near Preston Rd, within the Downtown Master Plan and poised for growth north of Prosper & Celina.
- Seller financing available with 50% down for 3 years.
- City water and sewer access.
- Zoning allows for SF1 use currently, with potential for C‑1 zoning on the front portion of the parcel.
- Proximity to future Universal Theme Park in Frisco (20 minutes) and HEB, Costco, & Lowe's in Celina (10 minutes).
Overview
This 7.26-acre property is located within the city limits of Gunter, Texas, on Main Street, also known as FM 121, just east of Preston Road. It features an approximately 2300 square foot house that requires updates but could potentially be used for rental or office space; the roof was replaced in 2022. The property is considered a great development or investment opportunity and is part of the Downtown Master Plan. According to the City of Gunter, the front portion of the property is currently zoned THOR (Thoroughfare District), which overlays a base zoning of C-1, while the remainder is zoned SF1. The property can currently be used as SF1, but if the home becomes vacant for six months or more, or is demolished, the land use would change to C-1 zoning on the front of the parcel. The property extends beyond the creek to the south boundary. City water and sewer are available. A small yellow building to the east of the home is part of the property and is currently used for storage. Gunter is positioned for growth, located north of Prosper and Celina and south of Sherman, with proximity to the future extension of the Dallas North Tollway. There are plans for a Universal Theme Park in Frisco, 20 minutes from the property, and HEB, Costco, and Lowe's in Celina, 10 minutes away.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Gunter
- County
- Grayson
- State
- Texas
- Longitude
- -96.7407903
- Latitude
- 33.4448616
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 7.26 acres in Gunter near Preston Rd and Downtown.
Where is this commercial land located?
The property is located at 115 East Main Street Gunter, TX.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 7.26 acres in city limits of Gunter, offering significant development or investment potential.; Strategic location on Main Street (FM 121) near Preston Rd, within the Downtown Master Plan and poised for growth north of Prosper & Celina.; Seller financing available with 50% down for 3 years.
