UPDATED:
Key Details
Property Type Single Family Home
Sub Type Farm/Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 1,344 sqft
MLS Listing ID 21196987
Style Ranch
Bedrooms 3
Full Baths 2
HOA Y/N None
Year Built 1950
Annual Tax Amount $10,419
Lot Size 22.050 Acres
Acres 22.05
Property Sub-Type Farm/Ranch
Property Description
The property features flat, mostly cleared land with scattered mature trees, offering an ideal development canvas. Approximately 4 acres at the front lie within Josephine city limits and include a 1344 sq ft home (1950) and a 30×50 shop with electricity (no real value placed here), while the rear 18+ acres fall within Josephine's ETJ and currently have no zoning restrictions, allowing exceptional flexibility for development. Potential uses could include multifamily, retail, mixed-use, neighborhood commercial center, event venue, or a larger single-tenant retail concept, subject to buyer plans. Annexation into the city is welcomed but not required.
Josephine is experiencing significant infrastructure and population growth, with Greenville Street expanding to four lanes and numerous new residential subdivisions underway throughout the area. Despite the rapid housing growth, retail and commercial services remain extremely limited, creating a clear opportunity for investors and developers. Currently, residents travel 20+ minutes for dining, major retailers and shopping.
Local development plans and community reports indicate that major national retailers are evaluating expansion along the Highway 6 corridor, further supporting long-term growth potential in the area.
With strong visibility, proximity to new schools, flexible land use potential, and clear retail demand, this property presents an outstanding opportunity to secure a strategic site in the path of Josephine's continued expansion.
Location
State TX
County Collin
Direction Follow GPS. From Wylie - take 78 East. Turn right on FM 6 (east). Turn left on Main Street, then slight left on FM 547. Right on Hubbard, which curves to left and turns into Greenville. Property on right SIY.
Rooms
Dining Room 1
Interior
Interior Features Other
Heating Central, Natural Gas
Cooling Ceiling Fan(s), Central Air, Electric
Appliance Gas Range
Heat Source Central, Natural Gas
Exterior
Exterior Feature Private Entrance, RV/Boat Parking, Stable/Barn, Storage
Utilities Available Cable Available, City Sewer, City Water, Individual Gas Meter, Outside City Limits, Underground Utilities, Other
Roof Type Composition
Garage Yes
Building
Lot Description Acreage, Adjacent to Greenbelt, Agricultural, Interior Lot, Lrg. Backyard Grass, Many Trees, Park View, Pasture, Rolling Slope, Rugged
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Siding
Schools
Elementary Schools Mildred B. Ellis
Middle Schools Leland Edge
High Schools Community
School District Community Isd
Others
Restrictions Easement(s)
Acceptable Financing Cash, Conventional, Federal Land Bank, Private Financing Available, USDA Loan
Listing Terms Cash, Conventional, Federal Land Bank, Private Financing Available, USDA Loan
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21196987
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