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$4,350,000
Est. payment /mo
13.78 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Na
MLS Listing ID 21061071
HOA Y/N None
Lot Size 13.775 Acres
Acres 13.775
Property Sub-Type Unimproved Land
Property Description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained to offer the opportunity to purchase a 13.775+- acre zoned build-to-rent development Site along Cole Street and East Hazelwood Street (County Road 456) in Princeton, TX (“the Site”). Currently in-place is a preliminary plat for 142 cottage style units. However, the Site can potentially accommodate up to 156 units per the base zoning.
The Site is already zoned MF-2 through PD-13 and the Seller has near completed construction plans for the project that will be conveyed at Closing. Additionally, the Seller has indicated that this property is exempt from the city-wide development moratorium. This well-located Site is a great opportunity to acquire a development parcel at an attractive price of only $7.25 per square foot.
The Site is already zoned MF-2 through PD-13 and the Seller has near completed construction plans for the project that will be conveyed at Closing. Additionally, the Seller has indicated that this property is exempt from the city-wide development moratorium. This well-located Site is a great opportunity to acquire a development parcel at an attractive price of only $7.25 per square foot.
Location
State TX
County Collin
Zoning MF-2
Direction Access via Cole Street
Exterior
Utilities Available City Sewer, City Water
Garage No
Building
Lot Description Acreage
Schools
Elementary Schools Lacy
Middle Schools Clark
High Schools Lovelady
School District Princeton Isd
Others
Restrictions None
Ownership NA
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21061071
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Listed by Jordan Cortez • Vanguard Real Estsate Advisors
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