Current Use by Public Records
- Commercial real estate
Property Details for 0000 State Hwy 78 Hwy
- Lot size
- 21.11 lot acres
- Property type
- Commercial real estate
Description
This exceptional 21.11-acre tract presents a remarkable investment opportunity in the rapidly expanding city of Lavon, Texas. Strategically located along the west frontage of State Highway 78, a six-lane divided highway, and FM 6, this property enjoys unparalleled visibility and accessibility. Its prime location directly across Highway 78 from the burgeoning 200-acre LakePointe Community, currently under development, ensures significant exposure to a growing residential population. Further enhancing its desirability is its adjacency to the Elevon Community, a substantial mixed-use development encompassing approximately 1,600 acres, with its initial phase already underway. Lavon's explosive residential growth fuels a strong demand for commercial and retail establishments, making this property ideally suited for a variety of development scenarios. The expansive acreage allows for flexibility, with the potential for division into half-acre or larger lots, catering to diverse development plans. Owner financing is available, making this an even more attractive proposition for discerning investors seeking to capitalize on Lavon's remarkable growth trajectory. This is a rare chance to secure a prominent position in a thriving market poised for continued expansion. The property's high visibility and strategic location make it an exceptional choice for retail development, ensuring strong returns on investment.
Value Estimations
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AI approach
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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
- -96.425
- Latitude
- 33.0433
