Current Use by Public Records
- Land
Property Details for 78 And Fm 6
- Lot size
- 4.40 lot acres
- Property type
- Land
Description
This exceptional 4.4-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding city of Lavon, Texas. Located at the intersection of State Highway 78 and FM 6, this strategically positioned property offers unparalleled visibility and accessibility. Currently zoned for Planned Development, the land is ideally suited for a variety of commercial uses, including restaurants, retail establishments, or office spaces. The property is situated adjacent to the Lake Breeze Estates residential development and across the highway from two major developments currently under construction: the 200-acre LakePointe Development (primarily single-family homes) and the 1,600-acre Elevon Development (mixed-use), ensuring a robust and growing customer base. Lavon's explosive residential growth fuels a significant demand for commercial and retail spaces, making this property an attractive investment. The asking price is $3,258,288, or approximately $17 per square foot. The seller will consider dividing the property and is open to owner financing, in addition to cash or conventional financing options. This prime location on a six-lane divided highway offers exceptional visibility and access for businesses seeking to capitalize on Lavon's burgeoning population. Don't miss this chance to secure a piece of Lavon's thriving commercial landscape. The 2.14-acre corner parcel has already been sold, leaving the remaining acreage available for development.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lavon
- County
- Collin
- State
- Texas
- Longitude
- -96.4254
- Latitude
- 33.0423
