381 CR 699 - FARMER'S PARK | FARMERSVILLE, TX 59.23 Acres of Commercial Land Offered at $4,027,300 in Farmersville, TX 75442
INVESTMENT HIGHLIGHTS
- ± 59.225 Acres
- Future Land Use - Industrial
- Positioned just North of the Hwy 380 bypass. which is planned to intersect with Hwy 380 just south of the site, according to the latest alignment.
- The property is located in the Farmersville ETJ, and affords minimal use restrictions.
- Excellent opportunity for Warehouse, Industrial, and Flex Space
- 15 miles from McKinney, 8 miles from Princeton with access to major highways, Highyway 380, Hwy 78, Hwy 75, I35 and the DNT.
EXECUTIVE SUMMARY
± 59.225 Acres
The property is located in the Farmersville ETJ, and affords minimal use restrictions.
Future Land Use - Industrial
Excellent opportunity for Warehouse, Industrial, and Flex Space with construction starts significanlty less, lowering vacancy, with an uptick in population demand along Hwy 380; specifically in Princeton whereby they are one of the fastest growing cities in the country less than 10 miles west.
±1,117 ft. of frontage on CR 699, Home on site, is currently leased.
Hwy 380 bypass is planned to intersect with Hwy 380 just south of the site, according to the latest alignment.
Farmersville ISD
Utilities: Caddo Basin SUD; 12’ Water is located on the south side of Hwy 380; sewer off-site approximately 2 miles West on Hwy 380. Overhead electric available on CR 699. (3 Phase located on adjacent property to the south).
Limited tax exposure with Ag exemption in place.
Approximately 45 miles from Dallas and 8 miles from booming Princeton with numerous retail and restaurant amenities.
McKinney is 15 miles West of the site, with a population of 214,810.
Collin County has a workforce that amounts to 601,539 employees, with Raytheon alone employing over 3,000.
Greenville, Texas is located 9 miles east & has a workforce over 19,000 with it’s largest employer, L3 employing over 6,000 people.
45 Miles North, Texas Instruments Chip Manufacturing Facility is currently under construction for a $30 billion expansion, the largest economic development project in Texas State History. An estimated 3,200 jobs will be created as a result.
The property is located in the Farmersville ETJ, and affords minimal use restrictions.
Future Land Use - Industrial
Excellent opportunity for Warehouse, Industrial, and Flex Space with construction starts significanlty less, lowering vacancy, with an uptick in population demand along Hwy 380; specifically in Princeton whereby they are one of the fastest growing cities in the country less than 10 miles west.
±1,117 ft. of frontage on CR 699, Home on site, is currently leased.
Hwy 380 bypass is planned to intersect with Hwy 380 just south of the site, according to the latest alignment.
Farmersville ISD
Utilities: Caddo Basin SUD; 12’ Water is located on the south side of Hwy 380; sewer off-site approximately 2 miles West on Hwy 380. Overhead electric available on CR 699. (3 Phase located on adjacent property to the south).
Limited tax exposure with Ag exemption in place.
Approximately 45 miles from Dallas and 8 miles from booming Princeton with numerous retail and restaurant amenities.
McKinney is 15 miles West of the site, with a population of 214,810.
Collin County has a workforce that amounts to 601,539 employees, with Raytheon alone employing over 3,000.
Greenville, Texas is located 9 miles east & has a workforce over 19,000 with it’s largest employer, L3 employing over 6,000 people.
45 Miles North, Texas Instruments Chip Manufacturing Facility is currently under construction for a $30 billion expansion, the largest economic development project in Texas State History. An estimated 3,200 jobs will be created as a result.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $4,027,300 |
| Price Per AC | $67,994.26 |
| Lot Size | 59.23 AC |
1 of 1
ZONING
| Zoning Code | ETJ (Located in the extra territorial jurisdiction (ETJ); Future land use plan has this site designated as Industrial.) |
