2595 Fm 982 Princeton, TX 75407
This exceptional 4.7-acre unrestricted property in Princeton, TX, presents a remarkable commercial development opportunity. Located in Collin County, this tract benefits from the explosive growth currently transforming Princeton, recently ranked the third fastest-growing city in the United States by the US Census Bureau. The surrounding area is experiencing a surge in residential construction, with major developers like Lennar and DR Horton building thousands of new homes. This high volume of new housing creates significant demand for commercial services and retail spaces. The property's unrestricted nature allows for a wide range of development possibilities, including a shopping center, gas station, neighborhood commercial center, retail development, storage facility, or RV park. The potential for an apartment complex is also viable. A mobile home currently situated on the site could serve as immediate office space, or the seller is willing to remove it prior to closing. The seller will also consider a ground lease for the right tenant. This is a rare chance to capitalize on the unprecedented growth in Princeton, offering substantial returns for a forward-thinking investor. Don't miss this exceptional business opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.