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    000 State Hwy 78 Hwy Lavon, TX 75166

    For Sale
    $4,356,000

    5-acre commercial lot, high-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing city of Lavon, Texas. Located at the prominent corner of State Highway 78, a six-lane divided highway, and FM 6, this property boasts unparalleled visibility and accessibility. Its strategic location directly across Highway 78 from the burgeoning 200-acre LakePointe Community, currently under development, ensures significant exposure to a rapidly expanding residential population. Further enhancing its potential, the property is adjacent to the Abston Hills Community, a planned mixed-use development encompassing approximately 1,600 acres. Lavon's explosive residential growth fuels a strong demand for retail development, making this site ideally suited for a variety of commercial uses, including grocery stores, convenience stores with gas stations, or other retail establishments. The property is zoned for retail use, simplifying the development process. With its prime location, substantial size, and the surrounding growth, this land offers exceptional potential for significant return on investment. The 75166 zip code further underscores its strategic position within this thriving Texas community.

    Property Features for 000 State Hwy 78 Hwy

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • 5‑acre commercial land parcel in Lavon, TX.
    • High‑visibility corner lot at the intersection of six‑lane Hwy 78 and FM 6.
    • Directly across Hwy 78 from the 200‑acre LakePointe community.
    • Adjacent to the 1,600‑acre Abston Hills mixed‑use development.
    • Zoned for retail use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lavon
    County
    Collin
    State
    Texas
    Longitude
    -96.456524886371
    Latitude
    33.018061841938

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    FAQs

    What type of property is this?
    Land - 5-acre commercial lot, high-traffic location.
    Where is this land located?
    The property is located at 000 State Hwy 78 Hwy Lavon, TX.
    What is the asking price?
    The asking price for this property is $4,356,000.
    What are key features of this property?
    This property features: 5-acre commercial land parcel in Lavon, TX.; High-visibility corner lot at the intersection of six-lane Hwy 78 and FM 6.; Directly across Hwy 78 from the 200-acre LakePointe community.
    Request Owner's contact information
    000 State Hwy 78 Hwy 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
    000 State Hwy 78 Hwy Lavon, TX 75166
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