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    Fm 720 Oak Point, TX 75068

    For Sale
    Contact for pricing

    0.98 Acres, Retail/Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.98-acre commercial land parcel presents a unique investment opportunity in the thriving Oak Point, Texas market. Located on FM 720 in Denton County, zip code 75068, this property boasts a strategic location with high visibility and accessibility. The land is zoned for Retail/Commercial use, offering a wide array of potential development options. The suggested uses include, but are not limited to, a florist, bakery, religious facility, bar/brewpub, dry cleaners, animal clinic, animal kennel, fitness center, liquor store, pet shop, pharmacy, restaurant, or building materials and hardware sales. The land's value is $14.50 per square foot. This property benefits from an additional 0.591 acres of Texas Department of Transportation (TXDOT) land that has been surrendered and will be incorporated into the parcel in the near future, increasing the overall size and value of the property. This represents a significant opportunity for developers and investors seeking a prime location in a rapidly growing area. The property's coordinates are 33.1928335 latitude and -96.9767217 longitude. This is a rare chance to acquire a well-situated commercial lot with considerable potential for future growth and profitability. Don't miss this chance to secure your place in Oak Point's vibrant commercial landscape.

    Property Features for 0 Fm 720

    General Information

    Property type
    Land
    Lot Size
    42,689 SF

    HighLights

    • 0.98‑acre commercial lot in Oak Point, TX (75068) priced at $14.50 per square foot.
    • Retail/Commercial zoning.
    • Potential uses include florist, bakery, religious facility, bar/brewpub, dry cleaners, animal clinic, animal kennel, fitness center, liquor store, pet shop, pharmacy, restaurant, or building materials/hardware store.
    • An additional 0.591 acres of TXDOT land will be added to the parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oak Point
    County
    Denton
    State
    Texas
    Longitude
    -96.9767217
    Latitude
    33.1928335

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    FAQs

    What type of property is this?
    Land - 0.98 Acres, Retail/Commercial Zoning
    Where is this land located?
    The property is located at Fm 720 Oak Point, TX.
    What are key features of this property?
    This property features: 0.98-acre commercial lot in Oak Point, TX (75068) priced at $14.50 per square foot.; Retail/Commercial zoning.; Potential uses include florist, bakery, religious facility, bar/brewpub, dry cleaners, animal clinic, animal kennel, fitness center, liquor store, pet shop, pharmacy, restaurant, or building materials/hardware store.
    (214) 566-9052
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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 720 Oak Point, TX 75068
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