Current Use by Public Records
- Retail properties & Spaces
Property Details for 511 Cook St
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional 5-acre property, located at 511 E Cook St, Josephine, TX 75164, presents a unique investment opportunity in the rapidly expanding eastern Collin County. The property boasts frontage on both Cook and Caddo Streets and is ideally suited for a variety of uses, including residential development (potentially a rental community), retail, mini-storage, or office space. The site's strategic location is surrounded by new construction and developments by D.R. Horton and other prominent builders, reflecting the area's robust growth. Utilities are readily accessible, with sewer lines located just feet from the property and water lines along the frontage. Adding to its appeal, the property includes a very nice existing home, currently leased, which could serve as office space. The high growth potential is further underscored by the Community ISD's ongoing expansion, adding at least one campus annually to accommodate the area's rapid population increase. This property offers significant potential for developers seeking to capitalize on the thriving real estate market in eastern Collin County. Additional acreage is available on either side, potentially expanding the total land area to 15 acres. Asking price is $1,300,000.
Value Estimations
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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
- -96.3004
- Latitude
- 33.0627
