0 Joe Allen Rd Pilot Point, TX 76258
This exceptional 16-acre commercial land parcel presents a unique investment opportunity in rapidly developing Pilot Point, Texas. Located in the desirable Pilot Point School District, this property boasts convenient access to major thoroughfares, including proximity to the Dallas North Tollway (approximately 5 miles). The land includes existing infrastructure, adding significant value to the offering. Features include an older farmhouse, a two-stall barn, established electricity, a reliable Mustang water well, and a functioning septic system. For added utility, the property is thoughtfully cross-fenced on three sides. The strategic location between FM 1385 and FM 2931 further enhances its appeal. The recent acquisition of land by the Pilot Point School District for a new middle school on Lights Ranch Road (approximately 2.2 miles away) underscores the area's growth trajectory, making this property ideally suited for future development projects. Zoned for commercial use, this land offers immense potential for a variety of ventures, capitalizing on its prime location and existing amenities. The asking price is $950,000. The property's address is Joe Allen Rd, Pilot Point, TX 76258, in Denton County.
Cap rate
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