8545 Mckissick Mdw Princeton Tx 75407 Princeton, TX 75407
This exceptional 45.36-acre property presents a unique investment opportunity in Collin County, Texas, near Princeton. Situated just outside city limits but within the extraterritorial jurisdiction (ETJ) of Princeton, this land boasts a desirable location with easy access via CR 463 and McKissick Meadows. The property is served by the Princeton Independent School District. A significant advantage is the absence of zoning restrictions, offering considerable flexibility for future development. Natural features include a creek and a lake, enhancing the property's aesthetic appeal and potential uses. Water access is available on the site. While there is no flood plain designation, it's important to note that sewer services are not currently available. The asking price is $4,100,000, translating to approximately $90,388 per acre. This represents a compelling value for a sizable tract of land with attractive natural amenities and development potential in a rapidly growing area of Texas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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