0 State Highway 78 Lavon, TX 75166
This exceptional 5.14-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing city of Lavon, Texas. Located on the east side of State Highway 78, north of Main Street, this property boasts a highly desirable "RETAIL" zoning designation, perfectly suited for immediate commercial development. The asking price is $3,134,578, translating to a land value of $14 per square foot. Its strategic location offers unparalleled visibility and accessibility, ensuring high traffic volume and strong potential for return on investment. The property's adjacency to the expansive Elevon Development, a 1,600-acre mixed-use project currently under construction, further enhances its value and future prospects. This proximity to a large-scale development, coupled with its closeness to the approximately 200-acre LakePointe Development (primarily single-family homes), positions this land ideally to capitalize on Lavon's explosive residential growth. This surge in residential development creates a significant and immediate need for additional commercial and retail spaces, making this property an exceptional opportunity for developers seeking to meet this burgeoning demand. The property is situated in Collin County, Texas, with a zip code of 75166. This prime location offers easy access to major transportation routes and a thriving community. Don't miss this chance to secure a piece of Lavon's vibrant future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.