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7237 E Parker Rd - City Approved & Entitled for Luxury Homes
25 Acres of Residential Land Offered at $5,999,000 in Lucas, TX 75002
Executive Summary
Property Facts
| Price | $5,999,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 25.00 AC |
| Price | $5,999,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 25.00 AC |
1 Lot Available
Lot 19
| Price | $5,999,000 | Lot Size | 25.00 AC |
| Price Per AC | $239,960 |
| Price | $5,999,000 |
| Price Per AC | $239,960 |
| Lot Size | 25.00 AC |
Zoned approval and Entitlements for one (1) & two (2) acre lots, level topography with electric and water to the site. Engineering is available upon contract execution.
Description
This extensive property package offers a compelling investment opportunity, featuring four parcels totaling 25 acres, each brimming with potential. Zoned SF-1 for one-acre lots, the land comprises seventeen (17) one-acre lots and two (2) 2+ acre lots, complete with city entitlements and approved site plans, positioning it as a premier investment opportunity. With its level topography and remarkable visibility, boasting approximately 600 feet of frontage along Parker Road, and supplemented by existing water and electrical services, the property provides an ideal canvas for development endeavors. In Lucas, where the median home price stands at $1.1 million as of April 2024, and properties are listed up to $5.3 million, the residential market flourishes, offering ample room for exploration. Delve deeper into this exceptional property through our video available on LoopNet.
zoning
| Zoning Code | Residential (SFR-1 One acre lots) |
| Residential (SFR-1 One acre lots) |
Presented by
7237 E Parker Rd - City Approved & Entitled for Luxury Homes
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