Current Use by Public Records
- Land
Property Details for 381 Co Rd
- Lot size
- 59.23 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This ±59.225-acre tract presents a unique investment opportunity in the rapidly growing Collin County, Texas. Located in the Farmersville ETJ, this property boasts minimal use restrictions, making it ideal for warehouse, industrial, or flex space development. Its strategic location just north of the planned Highway 380 bypass ensures excellent access to major transportation arteries, including Highways 78, 75, I-35, and the Dallas North Tollway (DNT). Proximity to thriving communities like McKinney (15 miles) and Princeton (8 miles) offers access to a robust workforce and ample amenities. The site features approximately 11,117 feet of frontage on County Road 699. A home on the property is currently leased. Utilities include Caddo Basin SUD; 12' water is located south of Hwy 380, with sewer approximately 2 miles west on Hwy 380. Overhead electric is available on CR 699, with 3-phase power on an adjacent property. A limited tax exposure exists due to an agricultural exemption. The property benefits from its proximity to major employers, including Raytheon in McKinney, L3 in Greenville, and the significant Texas Instruments expansion underway, creating thousands of new jobs. This exceptional location, coupled with its size and zoning, makes this a compelling investment for developers seeking a strategic foothold in North Texas's booming industrial market. The asking price is $4,027,300.
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
- Farmersville
- County
- Collin
- State
- Texas
- Longitude
- -96.2961
- Latitude
- 33.1596
