78 Quadrant Of State Hwy Lavon, TX 75166
- Land
- 1.50 lot acres
Current Use by Public Records
- Land
Property Details for 78 Quadrant Of State Hwy
- Lot size
- 1.50 lot acres
- Property type
- Land
Description
This exceptional 1.5-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing city of Lavon, Texas. Located at the southwest quadrant of the busy intersection of State Highway 78 and State Highway 205, this property benefits from high visibility and convenient access. The site is zoned for retail use, perfectly positioned to capitalize on the significant residential expansion currently underway in Lavon. Nearby developments include the Grand Heritage developments, the 1,600-acre Elevon Planned Development, the 200-acre LakePointe Development, and Lake Breeze Estates, all contributing to a surging demand for retail services. State Highway 205 is undergoing a widening project to four lanes, further enhancing accessibility and visibility. The asking price is $1,176,120, translating to $18 per square foot. Utilities are readily available, with water and electric already in place. An easement for sewer access to Endeavour Boulevard will be provided upon closing, ensuring seamless operational readiness. This property offers a unique chance to establish a thriving retail business within a dynamic and expanding community. The strategic location and strong growth trajectory make this an exceptional investment prospect.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lavon
- County
- Collin
- State
- Texas
- Longitude
- -96.4564
- Latitude
- 33.0208
