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    78 Quadrant Of State Hwy Lavon, TX 75166

    For Sale
    $1,176,120

    1.5 Acres, Retail Zoning, Hwy 78 & 205

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.5-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing city of Lavon, Texas. Located at the southwest quadrant of the busy intersection of State Highway 78 and State Highway 205, this property benefits from high visibility and convenient access. The site is zoned for retail use, perfectly positioned to capitalize on the significant residential expansion currently underway in Lavon. Nearby developments include the Grand Heritage developments, the 1,600-acre Elevon Planned Development, the 200-acre LakePointe Development, and Lake Breeze Estates, all contributing to a surging demand for retail services. State Highway 205 is undergoing a widening project to four lanes, further enhancing accessibility and visibility. The asking price is $1,176,120, translating to $18 per square foot. Utilities are readily available, with water and electric already in place. An easement for sewer access to Endeavour Boulevard will be provided upon closing, ensuring seamless operational readiness. This property offers a unique chance to establish a thriving retail business within a dynamic and expanding community. The strategic location and strong growth trajectory make this an exceptional investment prospect.

    Property Features for 78 Quadrant Of State Hwy

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • Utilities: Water and electric are available; sewer access easement to Endeavour Blvd. provided at closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lavon
    County
    Collin
    State
    Texas
    Longitude
    -96.456387077978
    Latitude
    33.020795518012

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    FAQs

    What type of property is this?
    Land - 1.5 Acres, Retail Zoning, Hwy 78 & 205
    Where is this land located?
    The property is located at 78 Quadrant Of State Hwy Lavon, TX.
    What is the asking price?
    The asking price for this property is $1,176,120.
    What are key features of this property?
    This property features: Utilities: Water and electric are available; sewer access easement to Endeavour Blvd. provided at closing.; ;
    Request Owner's contact information
    78 Quadrant Of State Hwy 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
    78 Quadrant Of State Hwy Lavon, TX 75166
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