Property Details for 3300 Fallmeadow St

Lot size

4.11 lot acres

Property type

Land

Description

This exceptional 4.11-acre land parcel in Denton, Texas, presents a compelling investment opportunity. Located at 3300 Fallmeadow Street, this unplatted tract boasts approximately 409 feet of frontage on Fallmeadow Street, a major neighborhood artery. The property is conveniently situated approximately two miles from the University of North Texas (UNT) and approximately 1.5 miles from Texas Woman's University (TWU), benefiting from strong rental demand and high occupancy rates in the surrounding area, which includes a mix of single-family and multi-family residences of varying ages, including newer apartment complexes. A 2022 survey confirms the 4.1149-acre size, revealing a gently sloping terrain with minimal trees and no FEMA floodplains or creeks. Utilities are reportedly available. Zoned R7 Residential, the property requires a Special Use Permit (SUP) for multi-family development, aligning with the city's Future Land Use Map designation of "moderate residential," the highest density classification in Denton. A prior development plan envisioned 170 units, and expansion potential exists with the addition of 6-10 more acres. The asking price of $2,975,000 reflects a land value of $16.62 per square foot, based on a 9% LIHTC calculation. All offers will be considered. Detailed maps and further information are available in the accompanying PDF flyer. The property is offered in an as-is condition suitable for a 1031 exchange.

Location Insight

City

Denton

County

Denton

State

Texas

Longitude

-97.1407

Latitude

33.2479