1970 Hwy 276 Quinlan, TX 75474

Property Details for 1970 Hwy 276

Lot size

16.70 lot acres

Property type

Land

Description

This exceptional 16.7-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Quinlan, Texas. Strategically located on the western edge of Quinlan, this property boasts 575 feet of frontage along the newly completed alignment of Highway 276, ensuring high visibility and accessibility. The site has already undergone preliminary planning, with a design envisioning a substantial mixed-use development comprising approximately 309 apartment units and 20,800 square feet of retail space. Preliminary approval for voluntary annexation into the City of Quinlan is in place, contingent upon receiving suitable zoning and various incentives offered by the city. This annexation process is expected to streamline development and potentially reduce costs. Based on conservative cost projections for the retail component, the estimated cost per multi-family unit is anticipated to be under $4,500. The property's location within an Opportunity Zone further enhances its investment appeal, offering potential tax advantages. This is a rare chance to acquire a large, well-positioned tract of land primed for significant development in a rapidly growing Texas market. The asking price for this exceptional property is $1,950,000.