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    678 Co Rd Savoy, TX 75479

    For Sale
    $2,260,125

    Texas Land: Hwy 82 Frontage, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 64.58-acre property, located at 678 Co Rd 1235, Savoy, TX 75479, presents a unique investment opportunity in Fannin County. Situated on Highway 82, the land boasts 770 feet of highway frontage, offering excellent visibility and accessibility. The property is zoned Savoy ETJ (Outside City Limits), providing minimal use restrictions and potential for diverse development. Currently, a home on the site is leased, generating a monthly income of $3,100. Three-inch and six-inch water lines are available on-site

    Property Features for 678 Co Rd

    General Information

    Property type
    Farms
    Lot Size
    2,813,105 SF

    HighLights

    • ±65.575‑acre tract on Hwy 82 between Sherman and Bonham.
    • Abundant water availability.
    • 770 feet of Hwy 82 frontage.
    • Savoy ETJ zoning; outside city limits with limited restrictions.
    • Proximity to Bois d'Arc Lake, a new recreational area projected to generate 2,400 jobs in Fannin County.
    • On‑site home currently leased at $3,100/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Savoy
    County
    Fannin
    State
    Texas
    Longitude
    -96.335472
    Latitude
    33.616089

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    FAQs

    What type of property is this?
    Farm - Texas Land: Hwy 82 Frontage, Development Potential
    Where is this farm located?
    The property is located at 678 Co Rd Savoy, TX.
    What is the asking price?
    The asking price for this property is $2,260,125.
    What are key features of this property?
    This property features: ±65.575-acre tract on Hwy 82 between Sherman and Bonham.; Abundant water availability.; 770 feet of Hwy 82 frontage.
    Request Owner's contact information
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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
    678 Co Rd Savoy, TX 75479
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