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Hwy 205 - Lavon 1.5 +/- Acre Retail Site

1.5 Acres of Commercial Land Offered at $1,176,120 in Lavon, TX 75166

Investment Highlights

  • Near the corner of Hwy. 78 and Hwy. 205. Hwy. 78 is a 6-lane divided highway and Hwy. 205 is currently being improved to 4-lane divided.

Executive Summary

The property is a multi-parcel tract.
West side of Hwy. 205, approximately 650 Ft. south of Hwy. 78 and Hwy. 205 intersection.

Property Facts

Price $1,176,120
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Strip Center
Total Lot Size 1.50 AC

1 Lot Available

Lot 5

Price $1,176,120
Price Per AC $784,080
Lot Size 1.50 AC

1.5+/- acres is net of right-of-way sold to TXDOT for widening of Hwy. 205. Zoned Retail.

Description

This location is excellent for Retail development. This 1.5 +/- acre property is already zoned Retail and has 213 +/- feet of frontage on Hwy. 205, which is currently being widened to a 4-lane divided highway. It is very near the intersection of Hwy. 78 and Hwy. 205 and is in the southwest quadrant of that intersection. Lavon is experiencing explosive growth and with the major residential developments of Grand Heritage, the 1,600-acre Elevon Planned Development, the 200-acre LakePointe Development, Lake Breeze Estates and other residential developments either completed or in the planning stages, the demand for retail services is increasing rapidly. Utility services are available. OTHER RETAIL SITES ARE AVAILABLE IN THE AREA. Please contact Gerald Porter 214-676-3818 for additional information.

zoning

Zoning Code Retail
Retail
  • Listing ID: 3839482

  • Date on Market: 4/5/2016

  • Last Updated:

  • Address: Hwy 205, Lavon, TX 75166

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