Current Use by Public Records
- The Royal Ranch of Texas / Hotel & Motel / Resort
- Unnerstall Veterinary Clinic / Veterinary Clinic
Property Details for 401 Mccormick Rd
- Lot size
- 40.00 lot acres
- Property type
- Land
Description
This exceptional 40-acre property in Oak Point, Texas, presents a unique investment opportunity. Situated in Denton County, at 401 McCormick Rd, zip code 75068, the land is zoned for both Agricultural Exempt and Residential use. The property boasts a stunning 5,000+ square foot steel-framed main home featuring generously sized rooms, a full second-story apartment, and a four-car garage. Complementing the main residence are three additional buildings: a banquet/event hall, a 50x100 event hall, and a six-stall horse barn. The property has a history of producing award-winning coastal hay since 2000, making it suitable for equestrian activities or continued agricultural use. Its prime location between Frisco, Denton, and Lake Lewisville offers convenient access to major roadways and amenities. Adding to its potential, a new 550-lot single-family residential Bloomfield development is underway adjacent to the property, and a retail commercial development is planned along FM 720. Sewer availability further enhances the property's development potential. Offered at $5,800,000. This is a rare opportunity to acquire a versatile property with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oak Point
- County
- Denton
- State
- Texas
- Longitude
- -96.9854
- Latitude
- 33.1878
