151 Jennet St Taylor, TX 786574

Exceptional 2.94-acre residential land opportunity in Taylor, Texas, is available for $700,000. This infill lot is ideally situated less than five miles from the Samsung facility, offering significant development potential. The property, located at 151 Jennet Street, is already rezoned and approved for a 24-unit residential development, encompassing six quadplex buildings. This aligns perfectly with the city's vision to enhance connectivity between the east and west sides of the area. The APN is R019780. To finalize the plat recording, a bond for Jennet Street improvements must be submitted. Coordination with the city engineer is required to approve the bond amount, projected to range from 0.5% to 4% of $175,000, until street completion. Oncor has completed utility marking for electricity on Debus Street and awaits developer commitment. Spectrum is prepared to provide service once a trench date is established, with all associated costs covered by Spectrum. Additional documentation is available upon request. This presents a unique chance to capitalize on the thriving Taylor real estate market and its proximity to major employers. The permitted zoning is Residential Future Use.