Current Use by Public Records
- Land
Property Details for 703 Cook St
- Lot size
- 23.86 lot acres
- Property type
- Land
Description
This exceptional 23.858-acre commercial and residential land parcel presents a unique investment opportunity in the rapidly expanding town of Josephine, Texas. Located at the highly visible northeast corner of FM 6/East Cook Street and Caddo Street, this property boasts two existing Texas Department of Transportation (TxDOT) entrances off Cook Street, ensuring easy access and high visibility for any development. The property is situated on a main thoroughfare within a designated Local Retail zoning area, perfectly aligning with the city's comprehensive plan which prioritizes retail expansion to meet the needs of the burgeoning residential population. Josephine has seen significant household growth in the past five years, yet lacks sufficient retail and commercial infrastructure. A new 16-inch water line is conveniently located across the street, and sewer access is available to the north. The current zoning allows for both Local Retail (LR) and Single-Family (SF) development, with the city expressing openness to fully utilizing the land for Local Retail purposes. While a portion of the northern area falls within a flood plain, this can be addressed through a Letter of Map Amendment (LOMAR) following remediation. Future TxDOT plans include widening FM 6 to a six-lane divided highway, further enhancing the property's value and accessibility. Surrounded by new residential developments, this prime location offers unparalleled potential for a variety of commercial ventures, particularly a much-needed grocery store, as indicated by strong community demand. The seller is motivated and open to offers.
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
- Josephine
- County
- Collin
- State
- Texas
- Longitude
- -96.2984
- Latitude
- 33.0644
