12509 Strittmatter Rd Pilot Point, TX 76258
This exceptional 171-acre property in Pilot Point, Denton County, Texas, presents a unique investment opportunity. Currently operating as a family ranch for over four decades, the land boasts three existing homes, a one-bedroom, one-bathroom apartment, and a substantial 10,000-square-foot shop complete with water and electricity. The shop offers ample storage and workspace. Additional structures provide storage for equipment and hay. The property features cross-fencing for efficient livestock management, and convenient access is provided via Highway 455 and Strittmatter Road. A natural water feature, Pecan Creek, traverses the land, ensuring a consistent water supply. The location offers unparalleled convenience, situated less than ten minutes from the North Dallas Tollway expansion, thirty minutes from Frisco and Lake Ray Roberts, and within an hour's drive of casinos. This versatile property is ideally suited for developers and investors seeking to create a remarkable residential or commercial development, potentially incorporating the existing structures and the creek into a stunning water feature. The asking price is $10,000,000. The property's zoning and potential uses should be independently verified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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