2198 Oak Grove Pkwy Little Elm, TX 75068
- Land
- 0.58 lot acres
Current Use by Public Records
- Land
Property Details for 2198 Oak Grove Pkwy
- Lot size
- 0.58 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 0.581-acre commercial and industrial land parcel is ideally situated on the southern corner of Hill Lane and Oak Grove Parkway (FM-720) in Little Elm, Texas, zip code 75068. The property boasts a high-traffic location, with FM-720 experiencing 24,770 vehicles per day, according to TXDoT data. Zoned for Light Commercial use, this lot presents a significant opportunity for developers and investors. All utilities are readily available. An adjacent Ace Hardware development is currently underway, further enhancing the area's commercial appeal. The property includes 3,746 square feet pending right-of-way for Hill Lane, resulting in a total buildable area of approximately 29,055 square feet. The asking price is $499,000, translating to $858,864 per acre. Little Elm's thriving demographics, with a population of 977,281 and a median household income of $96,265 (per U.S. Government data), underscore the strong investment potential of this high-visibility location. This prime corner lot offers unparalleled exposure and is surrounded by a mix of commercial and residential developments, making it an attractive proposition for a variety of commercial ventures. The property's strategic location and high traffic count make it an ideal site for businesses seeking maximum visibility and accessibility.
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
- Little Elm
- County
- Denton
- State
- Texas
- Longitude
- -96.9765
- Latitude
- 33.1676
