50 Whispering Winds Dr - One Preston - Land/Redevelopment Opportunity
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50 Whispering Winds Dr - One Preston - Land/Redevelopment Opportunity
12,513 SF Specialty Building Offered at $4,750,000 in Gunter, TX 75058
Investment Highlights
- Versatile Development Options: 10.19 acres zoned for a variety of uses including retail, commercial, office spaces, and a potential hotel.
- Multiple Buildings: Comprises four buildings with areas of 3,325 sf, 2,256 sf, 4,032 sf, and 2,400 sf, offering flexible space solutions.
- Enhanced Accessibility: The planned cut and fill along Preston Road will increase the buildable land area, optimizing space utilization.
- Quality Construction: Existing structures include a high-quality, modern event center, ideal for weddings and other gatherings.
- Strategic Location: Direct exposure and access to Preston Road, positioned perfectly between US 75 and the future Dallas North Tollway.
- Future Expansion Potential: Includes additional tracts for parking and future development of a hotel or retail spaces, totaling nearly 4 acres.
Executive Summary
Prime investment opportunity in growing area. Currently used for wedding/event venue, continue this use or redevelopment. Zoned for commercial, office, retail, and hotel. 10.14 acres with four buildings (3325 SF, 2256 SF, 4032 SF and 2400 SF)
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,750,000 | Lot Size | 10.14 AC |
| Price Per SF | $380 | Building Size | 12,513 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Specialty | Year Built | 2019 |
| Property Subtype | Lodge/Meeting Hall | Parking Ratio | 9.59/1,000 SF |
| Building Class | B |
| Price | $4,750,000 |
| Price Per SF | $380 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | B |
| Lot Size | 10.14 AC |
| Building Size | 12,513 SF |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 9.59/1,000 SF |
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $891,164 | |
| Land Assessment | $895,201 | Total Assessment | $1,786,365 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$895,201
Improvements Assessment
$891,164
Total Assessment
$1,786,365
zoning
| Zoning Code | Commercial (C1 - permitted uses commercial, office,retail and hotel) |
| Commercial (C1 - permitted uses commercial, office,retail and hotel) |
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50 Whispering Winds Dr - One Preston - Land/Redevelopment Opportunity
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