714 Fm 982, Princeton, TX 75407
This exceptional 9.16-acre commercial land parcel presents a unique investment opportunity in Princeton, Texas, within Collin County. Located at 714 FM 982, the property boasts approximately 1270 feet of frontage on FM 982, offering significant visibility and accessibility. The land features a relatively flat topography, simplifying development plans. Existing improvements include a house and an outbuilding, providing potential for immediate use or redevelopment. Utilities are in place, including a 24-inch water line and a septic system. It's important to note that portions of this property lie within a designated floodplain, a factor that must be considered in any development plans. The property is zoned ETJ (Extraterritorial Jurisdiction), offering flexibility for various commercial uses, subject to Collin County regulations. The asking price for this strategically located commercial land is $2,990,000. This property's size, location, and existing infrastructure make it an attractive prospect for a wide range of commercial ventures. Detailed site plans and floodplain information are available upon request. Serious inquiries only.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.