5551 Fm 982 Princeton Princeton, TX 75407

Building Details

Year Built

1965

Listing office Show Phone

Listing date Jul 14, 2026

Source Jparhouston

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Investment Insights

Based on property information with market context.

This offering is a cleared 3-acre hard-corner commercial land parcel at 5551 FM 982, Princeton, TX 75407. The old structures on the property have been removed, leaving the site ready for new development.

The property is described as being “right in the middle of the growth in the area,” and the seller notes it is well-suited for retail development. The parcel is located in the county, and the seller states there are no known restrictions on the property; it “could be developed into anything” as it is in the county. If sewer service is needed, the seller indicates you would need to annex into the city, while sewer is described as being all around the property.

Seller financing is available, and this site is also presented as a potential 1031 exchange candidate.

Key Highlights

• 3‑acre hard‑corner parcel with old structures removed, cleared and ready for development
• Located in an area described as being in need of retail (coffee shops to clothing)
• Sewer is all around the property; if sewer is needed, annexation into the city may be required

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FAQs

What type of property is this?

Commercial land - 3-acre hard-corner parcel cleared of old structures, with sewer nearby and seller financing available.

Where is this commercial land located?

The property is located at 5551 Fm 982 Princeton Princeton, TX.

What is the asking price?

The asking price for this property is $2,495,000.

What are key features of this property?

This property features: 3‑acre hard‑corner parcel with old structures removed, cleared and ready for development; Located in an area described as being in need of retail (coffee shops to clothing); Sewer is all around the property; if sewer is needed, annexation into the city may be required