TX > Terrell > Jno C Hale
Terrell, TX 75160,0 I-20
Terrell, TX 75160,0 I-20
Terrell, TX 75160,0 I-20
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Divvy Realty

Divvy Realty

+1(972) 497-8340
$795,000
Est. payment /mo
5.3 Acres Lot
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UPDATED:

11/08/2024 05:08 PM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Jno C Hale

MLS Listing ID 20609439

HOA Y/N None

Annual Tax Amount $4,312

Lot Size 5.300 Acres

Acres 5.3

Lot Dimensions 485x580x463x491

Property Description

5.3-acre lot just off Hwy I-20 E in the city of Terrell. The property is located in Tax Increment Reinvestment Zone No.1 opening up the opportunity for tax incentives for developers. Positioned to maximize visibility and accessibility for businesses with TXDot's planned connection of a frontage road in front of the lot. Current zoned agricultural for tax purposes, this parcel holds promise with its future use designation as a Traditional Neighborhood. City has confirmed that this property falls within the commercial corridor, making it eligible for commercial zoning, opening up possibilities for commercial ventures. Lot is close Terrell Crossroads and outlet shopping center. This prime location presents a rare chance to capitalize on Terrell's growth trajectory, offering a strategic position within the commercial corridor and opportunities for investment and development. Whether envisioning a commercial enterprise, residential project, or a blend of both in a rapidly evolving area. Seller will consider owner financing dependent on Terms and Conditions.

Location

State TX

County Kaufman

Zoning Currently Agricultural for TAX purposes. Future land use is New Traditional Neighborhood, but per City of Terrell Can be easily converted to commercial use due to being in commercial corridor.

Direction Property does not have physical address yet, Map to 320 FM 2578 Terrell TX, subject property is SE of Kingdom Hall on road that splits off to the right when heading SE on 2578

Interior

Heating None

Cooling None

Heat Source None

Exterior

Utilities Available None

Street Surface Dirt,Gravel

Lot Frontage 485.0

Garage No

Building

Lot Description Acreage, Agricultural, Many Trees, Other

Schools

Elementary Schools Gilbert Willie, Sr.

Middle Schools Furlough

High Schools Terrell

School District Terrell Isd

Others

Restrictions No Known Restriction(s)

Ownership Fawcett, Hughes, Solis

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2024 North Texas Real Estate Information Systems.
Listed by Danielle Watkins • CENTURY 21 Judge Fite Co.

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