Property profile

0 Fm 1570 Greenville, TX 75402

OFF-MARKET
Land
8.54 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 8.54 ac (372,002 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Fm 1570 Greenville, TX 75402
Greenville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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