1300 Beauchamp Blvd, Princeton, TX 75407

This exceptional 23.339-acre site in Princeton, TX, offers a unique opportunity for multifamily development. Located at 1300 N Beauchamp Blvd, this shovel-ready property is zoned PD-29, permitting the construction of a 378-unit, three-story garden-style complex. Existing architectural and engineering plans, along with select third-party reports, will be conveyed at closing. The site boasts convenient access to major thoroughfares like US 380, US 75, and SH 121, placing it within easy reach of retail amenities such as Walmart, Ace Hardware, Starbucks, and 7-Eleven. Its proximity to Southard Middle School and JM Caldwell Sr. Community Park adds to its appeal. The site's strategic location within the Princeton Independent School District, coupled with the area's robust population growth (a 34.5% increase from 2020 to 2022, according to the US Census Bureau), presents a compelling investment opportunity. While impact fees of approximately $1.57 million remain, along with permit fees, the property offers an attractive price point of roughly $24,470 per developable unit. Potential buyers are encouraged to conduct their own due diligence regarding zoning and unit count. The seller will provide the existing engineering and architectural plans. Note that the provided information reflects data available at the time of listing and may be subject to change.