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1020 N Murphy Rd - Big price drop!! Motivated seller.

0.75 Acres of Commercial Land Offered at $790,000 in Murphy, TX 75094

Investment Highlights

  • Excellent visibility in a high income neighborhood
  • High traffic through the cities main access road
  • Proposed condo association cuts down on buyers land development expense

Executive Summary

New development opportunity:
The property could be more accurately described as a pad site instead of the whole 1.5 acres split in half. The 0.75 is an estimate of the property for sale. A condo association between two owners sharing access to common areas is an option.
Attached are the elevations for our Phase One building which is Southfork Pet Hospital. It is 5000 SF.
Phase two is the pad site to the right side of the first building which is to the east. Engineering has determined that a maximum of 7000 SF can be built. Buyer will be responsible for additional parking spaces and anything else required by city ordinance. But pretty much, I've covered much of the initial development expense for this raw land such as easements, utilities, landscaping, monument sign, etc. This is reflected in the asking price of $790,000.
More detailed engineering drawings and information from the Murphy Economic Development Board are available later should the buyer seriously pursue this deal through a letter of intent. And also proof of funds or banker's pre-approval. I will be ready then to introduce you to my professional team including architects, civil, contractors, and the city staff so you can have access to confidential information.
Planned development Southfork Murphy Offices broke ground summer of 2024. Buyer will benefit from the million dollar completed site work including easements, parking, utilities, signage, etc.

Property Facts

Price $790,000
Sale Type Investment or Owner User
Sale Conditions Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Office Park
Total Lot Size 0.75 AC

1 Lot Available

Lot

Price $790,000
Price Per AC $1,053,333
Lot Size 0.75 AC

1020 North Murphy Road is on a hard corner in one of Collin County's most affluent, desirable, and safest cities. Average household income of around $180,000 is among the highest in fast growing Collin County in North Texas.

zoning

Zoning Code PD-Office, Retail (Retail and office. High traffic and excellent visibility. Great for offices, retail, and neighborhood services.)
PD-Office, Retail (Retail and office. High traffic and excellent visibility. Great for offices, retail, and neighborhood services.)
  • Listing ID: 31178296

  • Date on Market: 3/10/2024

  • Last Updated:

  • Address: 1020 N Murphy Rd, Murphy, TX 75094

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