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Premium Land Next to Walgreens
For Sale
$499,000

2042 Highland Forest Drive, Highland Village, TX 75077

LAND - Highland Village, TX

Property SizeContact for details
Lot Size0.75 Acres
Days on Market89

Property Features for 2042 Highland Forest Drive

General Information

Property type Land
Property subtype Other
Zoning description commercial
Vegetation Wooded
Subdivision Highland Forest
Lot features Acreage
Elementary school Mcauliffe
Middle school Briarhill
High school Marcus
Elementary school district Lewisville ISD
Middle school district Lewisville ISD
High school district Lewisville ISD
Directions From the I-35 E going north, get off on the 407-Highland Village exit. Drive left at the light toward Justin Road-Highland Village and you will see a Walgreen's on right side of the corner of Morris Ln and the 407. Turn right at light next to Walgreen's.
Standard status Active
APN R187810
Lot size 0.75 Acres
Listing Agency: Gallery Realtors
Listed By: Chase Coffman · License #0707907
Added: Jun 5 Changed: Aug 5 Last Checked: Sep 1 at 11:06AM
MLS# 20817373

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Situated at 2042 Highland Forest Drive in Highland Village, TX 75077, this premium 0.75-acre commercial land site sits next door to Walgreens Pharmacy. The property shares the drive with Walgreens on one side, with professional law and business offices to the rear and residential on the other side.

The site is located on Justin Rd–FM 407 and Morris Rd, with FM 407 described as a high-traffic area. It benefits from strong surrounding commercial context, including proximity to Marcus High School and a mix of nearby retail shops, restaurants, and business offices.

This developer-oriented parcel is presented as well-suited for a range of uses, including medical office, retail, dental office, and personal or service-oriented concepts such as a karate studio or salon.

Key Highlights

  • 0.75‑acre commercial land site in Highland Village, TX 75077
  • Next door to Walgreens Pharmacy, sharing the drive on one side
  • Located on Justin Rd–FM 407 and Morris Rd; FM 407 is a high‑traffic area

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Kitchen & Bath Showroom Hotel & Motel Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

865
Businesses Nearby

Demographics for 75077, TX

38,073
Population
14,768
Households
2.6
Avg Household Size
42
Median Age
48%
College-Educated
97%
High-School Grad
14.1 sq mi
ZIP Area
2,700
Density / Sq Mi
$121,220
Median Household Income
$60,140
Median Earnings
$1,886
Median Rent
$418,800
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Premium infill lot adjacent to Walgreens, offering flexible positioning for medical, retail, and service uses.
Where is this commercial land located?
The property is located at 2042 Highland Forest Drive Highland Village, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 0.75‑acre commercial land site in Highland Village, TX 75077; Next door to Walgreens Pharmacy, sharing the drive on one side; Located on Justin Rd–FM 407 and Morris Rd; FM 407 is a high‑traffic area
More about this property
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