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Property profile & analytics
OFF-MARKET
Land

289 & Fm 120 Pottsboro, TX 75076

40 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 40-acre commercial land parcel presents a unique investment opportunity in Pottsboro, Texas. Strategically located at the north end of Preston Road's growth corridor, this property offers unparalleled visibility and accessibility. The site is anchored by a Brookshire's grocery store, providing immediate brand recognition and drawing significant foot traffic. Several development options exist, including hard corner pads, pad sites, and retail spaces suitable for various uses such as retail, office, single-family, and multifamily developments. Large development parcels are available, catering to diverse project scales. The property benefits from its proximity to the newly opened Abbington Junction apartments and the North Texas Regional Airport, enhancing its appeal and potential for growth. Situated within a Tax Increment Reinvestment Zone (TIRZ), this location offers potential tax advantages. The site is currently subdivided into several lots, with some already developed (Domino's Pizza) and others available for immediate development. Specifically, approximately 12 acres are available in the NWQ, while 22.5 acres in the NEQ are under contract. Additional smaller lots of approximately 3.8 acres, 2 acres, and 1.9 acres are also available for sale. This prime location in Grayson County, Texas (zip code 75076), offers a compelling opportunity for significant return on investment. The property is located at the intersection of Preston Road/Highway 289 and FM 120.

Property profile
Verified
Property type Land
Lot 40 ac (1,742,400 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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