500 Parker Rd St Wylie, TX 75098
- Land
- 12.74 lot acres
Current Use by Public Records
- Land
Property Details for 500 Parker Rd St
- Lot size
- 12.74 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 12.741-acre property presents a unique investment opportunity in Wylie, Texas. Located at 500 Parker Road St, Collin County, this land boasts a prime location, situated in an area slated for future development. The property's APN is R669600001301. Currently zoned for agricultural use, its strategic position along the proposed expansion of Parker Road offers significant potential for commercial or residential development. The parcel is largely located outside the extraterritorial jurisdiction (ETJ). Preliminary plans suggest the possibility of creating approximately 1.5-acre single-family residential lots or 2-acre commercial pad sites. This location offers convenient access to the Inspiration development, situated just 2.5 miles away. A significant advantage is the property's location outside the 100-year floodplain, as verified by flood maps and the current owner. The asking price for this remarkable property is $2,994,135. This presents a rare chance to acquire a substantial tract of land with high growth potential in a rapidly developing area of Wylie, Texas. The property's size and location make it ideal for a variety of development projects, capitalizing on the anticipated growth and infrastructure improvements in the region. This is a truly exceptional opportunity for discerning investors seeking a prime piece of Texas real estate.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wylie
- County
- Collin
- State
- Texas
- Longitude
- -96.5384
- Latitude
- 33.0267
