4234 Us Hwy Princeton, TX 75407
- Land
- 0.36 lot acres
Current Use by Public Records
- Land
Property Details for 4234 Us Hwy
- Lot size
- 0.36 lot acres
- Property type
- Land
Description
This exceptional 0.36-acre commercial land parcel, located at 4234 E US Hwy 380 in Princeton, Texas (Collin County, zip code 75407), presents a remarkable investment opportunity. Situated on the heavily trafficked US Highway 380 corridor, between the thriving cities of McKinney and Princeton, this property boasts over 34,000 vehicles per day. Its Highway Commercial zoning makes it ideally suited for a variety of uses, including a strip retail shopping center, a free-standing restaurant, or other retail and office-related businesses. The asking price is $500,000, representing a land value of $1,000,000 per acre. While a small, tear-down house currently sits on the property, the true value lies in the land itself. The property is grandfathered in as residential and has completed probate. Utilities are readily available, including water service from Milligan Water Supply Corporation, a septic tank, and electricity. All information provided is believed to be accurate but should be independently verified by the buyer. Directions: From McKinney, head east on Hwy 380 towards Princeton; the property is located near the southeast corner of Hwy 380 and Bridgefarmer Road.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.5418
- Latitude
- 33.1866
