000 FM 982, Princeton, Texas, 75407
$2,295,000
7.66 Acres
#21371589
Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house that is very nicely finished out. Property is currently used as residential but has tremendous commercial or development potential. The property is in the county and removed from the ETJ, however if a developer decides to bring in sewer from one of the nearby developments, then it would need to annex into the city. This is the last property on the right when leaving the peninsula. It would be ideal for a retail center or a mixed use type development. Perhaps homes, townhomes or apartments overlooking the lake in back. It is truly a unique offering and rare opportunity. Just minutes to major shopping in Allen and McKinney. About 20 minutes to Hwy 75 or about 10 minutes to 380 in Princeton. Walmart is about 10 minutes away in Lucas. Buyer to verify all information.
PROPERTY FEATURES
- Utilities : Aerobic Septic,Asphalt,Co-op Water,Electricity Connected,Individual Water Meter,Outside City Limits,Phone Available,Propane,Septic,Sewer Available,Unincorporated
- Easements : Utilities
- Lot Features : Acreage,Adjacent to Greenbelt,Agricultural,Cleared,Few Trees,Irregular Lot,Water/Lake View
- Waterfront Property
- Waterfront Features : Lake Front – Corps of Engineers
- Road Frontage Type : FM Road
- Current Use : Agricultural,Residential
- Cooling: Central Air
- Heating : Propane
- Special Notes : Aerial Photo,Verify Rollback Tax,Verify Tax Exemptions
- Zoning Description : Un-zoned. In the county, not ETJ.
PROPERTY DETAILS
ID: 21371589
Status: Active
Price: $2,295,000
Acres: 7.66 Acres
Price Per Acre: $299,608
Type: Other
Address: 000 FM 982
City, State: Princeton, Texas
County: Collin
Zip Code: 75407
Lat/Long: 33.111311, -96.498702
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