US-380 & Cypress Bnd Pkwy Princeton, TX 75407
- Land
- 2.16 lot acres
Current Use by Public Records
- Land
Property Details for US-380 & Cypress Bnd Pkwy
- Lot size
- 2.16 lot acres
- Property type
- Land
Description
This exceptional 2.16-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing city of Princeton, Texas. Strategically located on the southeast corner of US-380 and Cypress Bend Parkway, this site enjoys unparalleled visibility and accessibility. The property's prime location is directly adjacent to a newly constructed Freddy's Steak Burgers, ensuring high traffic and brand recognition. Across US-380, a significant Market Street development and a planned power center are underway, featuring commitments from several national retailers. This proximity to established and developing retail anchors promises strong synergy and increased customer traffic for future businesses on the site. Princeton's impressive growth trajectory further enhances the property's value. Since 2012, the city has experienced a substantial 416% surge in new home starts and a 65% increase in median home prices, indicating a robust and expanding residential market. Projected population growth to nearly 80,000 residents by 2050 underscores the long-term potential of this investment. This site offers developers and investors a unique chance to capitalize on Princeton's booming economy and prime commercial real estate market. The property is situated in Collin County, Texas, and has a Princeton, TX 75407 mailing address.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.5217
- Latitude
- 33.1786
