2595 Fm 982 Princeton, TX 75407
- Commercial real estate
- 4.71 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2595 Fm 982
- Lot size
- 4.71 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.4911
- Latitude
- 33.1398
