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    1009 State Highway 78 Lavon, TX 75166

    For Sale
    $5,000,000

    Prime 9-acre commercial tract in Lavon, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 9.372-acre commercial land parcel presents a unique investment opportunity in Lavon, Texas. Strategically located at the intersection of State Highway 78 and Highway 205 in Collin County, this property offers unparalleled visibility and accessibility. Currently unzoned by the city, this presents flexibility for a wide range of commercial developments, including retail, office, or hotel projects. The asking price is $5,000,000. The seller is willing to subdivide the land to accommodate various development plans, making it an attractive option for both large-scale and smaller projects. The property's address is 1009 S State Hwy 78, Lavon, TX 75166. Its precise coordinates are latitude 33.02241583246252 and longitude -96.45797225853731. This location provides easy access to major transportation routes, ensuring high traffic flow and excellent exposure for any commercial venture. The absence of city zoning allows for creative development options and potentially reduces regulatory hurdles. This is a rare opportunity to acquire a significant land holding in a rapidly growing area of Collin County. Serious inquiries are encouraged.

    Property Features for 1009 State Highway 78

    General Information

    Property type
    Land

    HighLights

    • 9.372‑acre commercial land parcel in Lavon, TX.
    • Prime location at the intersection of State Highway 78 and Highway 205 in Collin County.
    • Unzoned, offering flexibility for various commercial developments.
    • $5,000,000 asking price; seller will consider subdividing.
    • Address: 1009 S State Hwy 78, Lavon, TX 75166.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Independent Financial ATM Atm Independent Financial Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lavon
    County
    Collin
    State
    Texas
    Longitude
    -96.457972258537
    Latitude
    33.022415832463

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    FAQs

    What type of property is this?
    Land - Prime 9-acre commercial tract in Lavon, TX.
    Where is this land located?
    The property is located at 1009 State Highway 78 Lavon, TX.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 9.372-acre commercial land parcel in Lavon, TX.; Prime location at the intersection of State Highway 78 and Highway 205 in Collin County.; Unzoned, offering flexibility for various commercial developments.
    (469) 732-8132
    Request Owner's contact information
    1009 State Highway 78 Lavon, TX 75166
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    Lavon, TX 75166
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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
    1009 State Highway 78 Lavon, TX 75166
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