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550 Parker Rd Wylie, TX 75098

For Sale
$1,325,000

6 Acres, Lake Lavon Proximity, Development Potential

Description

Added:
Dec 11, 2024
Days on Market:
365
This exceptional 6-acre agricultural property in Wylie, Texas, presents a unique investment opportunity. Located in Collin County, at 550 Parker Rd, zip code 75098, this land boasts a desirable location, approximately 2.5 miles from the Inspiration development and close to Lake Lavon. Currently zoned for agricultural use, the property offers immediate utility for farming or ranching. However, its strategic location also presents exciting potential for future commercial development. The proposed expansion of Park Boulevard is planned to run near this area, significantly enhancing accessibility and value. The property is situated outside the 100-year floodplain, according to flood maps and the owner's assessment, mitigating risk. This 1031 exchange-eligible property is offered at $1,325,000 and is ideal for investors seeking a versatile land asset with both immediate and long-term growth potential. The property's size and location make it an attractive prospect for a variety of uses, from continued agricultural use to future commercial ventures. Serious inquiries are encouraged to explore the possibilities of this exceptional Collin County land.

Property Features for 550 Parker Rd

General Information

Property type
Farms
Lot Size
261,360 SF

HighLights

  • $1,325,000 asking price for 6 acres of agricultural land.
  • Located at 550 Parker Rd, Wylie, TX 75098 in Collin County.
  • Agricultural zoning.
  • Broker co‑op available.
  • Suitable for 1031 exchange.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Wylie
County
Collin
State
Texas
Longitude
-96.5418281
Latitude
33.0288474

FAQs

What type of property is this?
Farm - 6 Acres, Lake Lavon Proximity, Development Potential
Where is this farm located?
The property is located at 550 Parker Rd Wylie, TX.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: $1,325,000 asking price for 6 acres of agricultural land.; Located at 550 Parker Rd, Wylie, TX 75098 in Collin County.; Agricultural zoning.
More about this property
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