531 2Nd St Princeton, TX 75407
- Land
- 0.98 lot acres
Current Use by Public Records
- DENT AWAY / Auto Dent Removal Service
- Fitness Court at 3rd St Park / Gym
- 3rd Street Park / Park
Property Details for 531 2Nd St
- Lot size
- 0.98 lot acres
- Property type
- Land
Description
This exceptional 0.98-acre commercial lot, located at 531 S 2nd St in Princeton, Texas (zip code 75407), presents a unique investment opportunity in a rapidly expanding area. Zoned for single-family residential (SFR), the property offers considerable potential for a variety of commercial ventures. The asking price is $550,900. Situated in Collin County, this property benefits from its proximity to a new construction neighborhood, indicating strong future growth and development in the immediate vicinity. While the existing structure on the property was built in 1973, the focus is on the land's potential for redevelopment. Prospective buyers should be aware that any development plans will require approval from the City of Princeton. A significant advantage is the sewer line's convenient location directly adjacent to the property, simplifying infrastructure connections. The possibilities are numerous, making this a highly attractive site for entrepreneurs seeking to establish a presence in a thriving Texas market. This is a chance to capitalize on the area's projected growth and create a successful commercial enterprise. Consider this land for a doctor's office, daycare center, or other suitable commercial use. Act quickly to secure this prime location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.4993
- Latitude
- 33.166
