1424 Longneck Rd Princeton, TX 75407
This 12.82-acre property in Princeton, Texas, offers significant development potential. Currently zoned for agricultural use, the property boasts approximately 2.63 acres of buildable land outside the flood zone, making it ideal for a variety of commercial ventures. The future use plan designates this land for commercial development, presenting a unique opportunity for investors. Strategically located at the intersection of Longneck Road and Monte Carlo Boulevard, the property provides convenient access via two on-site points. Existing city water and sewer lines are readily available, simplifying infrastructure needs. The land itself is level and roughly graded, and includes a pre-existing residential structure. The property's location is further enhanced by its proximity to Highway 380, just one mile to the north, providing excellent accessibility. The APN is R616600514801. This versatile parcel presents a compelling investment opportunity in a rapidly growing area. The property's size and location make it suitable for a range of commercial or industrial uses, while its current agricultural zoning offers flexibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.