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    Fm 1570 Greenville, TX 75402

    For Sale
    $2,000,000

    Prime Greenville land, residential & commercial potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 8.54-acre property presents a remarkable opportunity for developers seeking a prime location in Greenville, Texas. Zoned for residential use, this expansive lot offers significant potential for the construction of townhomes or duplexes, capitalizing on the strong demand for housing in the area. Its strategic location, situated behind and adjacent to existing Oakridge townhomes and duplexes, ensures immediate access to established infrastructure and a thriving community. The property boasts convenient access to city water and sewer services, simplifying development plans and reducing infrastructure costs. Furthermore, its proximity to L-3 and other businesses makes it an attractive option for commercial development, offering versatility and potential for mixed-use projects. The property's wooded character adds to its appeal, providing a natural aesthetic that can be incorporated into future designs. A survey is available for review within the transaction documents. Prospective buyers are responsible for conducting their own due diligence regarding zoning regulations with the city and school district. The asking price for this exceptional development opportunity is $2,000,000. The property's APN is 53277/26925. Located on FM 1570 in Hunt County, Texas, zip code 75402, this property offers unparalleled potential for significant return on investment.

    Property Features for 0 Fm 1570

    General Information

    Property type
    Land
    Lot Size
    372,002 SF

    HighLights

    • 8.54‑acre residential development site in Greenville, TX.
    • Zoned for townhomes or duplexes, offering high potential ROI.
    • Located adjacent to existing Oakridge townhomes, providing established infrastructure access.
    • City water and sewer available, minimizing development costs.
    • Proximity to L‑3 and other businesses allows for mixed‑use potential.
    • Wooded lot with natural aesthetic appeal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.087694477112
    Latitude
    33.10236640685

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    FAQs

    What type of property is this?
    Land - Prime Greenville land, residential & commercial potential.
    Where is this land located?
    The property is located at Fm 1570 Greenville, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 8.54-acre residential development site in Greenville, TX.; Zoned for townhomes or duplexes, offering high potential ROI.; Located adjacent to existing Oakridge townhomes, providing established infrastructure access.
    Request Owner's contact information
    Fm 1570 Greenville, TX 75402
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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
    Fm 1570 Greenville, TX 75402
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