Fm 121 Van Alstyne, TX 75495
- Land
- 51.60 lot acres
Current Use by Public Records
- Land
Property Details for 0 Fm 121
- Lot size
- 51.60 lot acres
- Property type
- Land
Description
This exceptional 51.6-acre property in Van Alstyne, Texas, presents a prime development opportunity. Located on FM 121, less than a mile from downtown Van Alstyne and a mile and a half from US-75, it offers convenient access to the DFW Metroplex. The property boasts a conditionally approved Planned Development, allowing for 126 single-family residential lots and one acre of commercial space. Lot sizes vary, including 75', 65', and 40' options, catering to diverse housing needs. The commercial acre is zoned C-1, suitable for various uses including child care, offices, and restaurants. The site benefits from its proximity to established amenities such as McDonald's, Sonic, and Subway, and is adjacent to McKinney Wilson Park. Future development plans include the construction of Lincoln Park Road along the western boundary. This represents a significant investment opportunity in a rapidly growing North Texas submarket, with Van Alstyne's population projected to reach 30,000 by 2030. The asking price is $4,800,000. The APN is 135658. Purchasers are responsible for verifying zoning and permitted uses. The property is zoned for Planned Development.
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
- Van Alstyne
- County
- Grayson
- State
- Texas
- Longitude
- -96.5649
- Latitude
- 33.4257
