State Highway 78 Lavon, TX 75166
- Retail properties
- 5.14 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 State Highway 78
- Lot size
- 5.14 lot acres
- Property type
- Retail properties
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lavon
- County
- Collin
- State
- Texas
- Longitude
- -96.4311
- Latitude
- 33.0335
