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Property profile

1424 Longneck Rd Princeton, TX 75407

OFF-MARKET
Commercial real estate
Property ID
US82-4492558
12.82 ac lot
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Property summary

AI-generated overview

This exceptional 12.82-acre property presents a unique investment opportunity in Princeton, Texas. Strategically positioned at the intersection of Longneck Road and Monte Carlo Boulevard, this parcel boasts two convenient access points, maximizing its development potential. Approximately 4.219 acres are designated as buildable and conveniently located outside the flood zone, minimizing risk and streamlining the development process. Currently zoned for agricultural use, the property is already designated for future commercial development in the city's comprehensive plan, making it an ideal site for a variety of commercial ventures. The land itself is level and roughly graded, simplifying site preparation. City water and sewer lines are readily available, eliminating significant infrastructure hurdles. While an existing residential structure is present on the property, its presence doesn't detract from the significant commercial potential of this expansive parcel. The combination of prime location, buildable acreage, utility access, and future commercial zoning makes this a highly attractive investment for developers and entrepreneurs seeking a foothold in the growing Princeton market. This is a rare opportunity to acquire a substantial tract of land perfectly positioned for future commercial growth. The asking price is $1,590,000.

Property profile

Verified
Property type Commercial real estate
Lot 12.82 ac (558,439 SF)
UPID US82-4492558

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1424 Longneck Rd Princeton, TX 75407
Princeton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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