Homes for sale - 6035 US Highway 380, Caddo Mills, TX 75135

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Marissa Fontanez

Real Broker, LLC

[email protected] +1(214) 789-9187

$2,896,920

Est. payment - /mo

36.21 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Pending

Purchase Type For Sale

Subdivision Johnson Hezekiah

MLS Listing ID 20895456

HOA Y/N None

Year Built 1980

Annual Tax Amount $2,790

Lot Size 36.212 Acres

Acres 36.2115

Property Sub-Type Improved Land

Property Description

Rare find Investment with over 2600' of PRIME road frontage including over 900' on bustling Highway 380! This Premium 36+ acre Hard Corner is where the future 380 bypass around Farmersville will rejoin the Highway at the Hunt County line Road. This will be a major intersection, and an excellent location for a fuel center, convenience store, restaurant, retail or light industrial. This land is on the Hunt County side of the road, and comes with two existing sources of income: A 3bed, 2bath brick home with shop and barn, perfect for rental property PLUS a communications tower with approx 5 years remaining on existing lease. Tower generates approx 13K-15K in annual revenue, and lessee has expressed an interest in extending the lease. The land currently has an ag exemption for hay production and also features a large pond. This is an Excellent Location on one of the Busiest thoroughfares in North Texas. Everyone is Buzzing about the Highway 380 expansion, and development tracts between Farmersville and Greenville are getting scarce.. Existing 12 inch water line along Hwy frontage makes development easy. Not often investors find a parcel with such strong current income with a very high ROI in the very near future.

Location

State TX

County Hunt

Zoning Not Zoned

Direction GPS Address.

Exterior

Utilities Available All Weather Road, Co-op Water, Electricity Connected, Individual Water Meter, Propane, Septic

Street Surface Concrete

Garage No

Building

Lot Description Acreage, Agricultural, Corner Lot, Few Trees, Level, Pasture, Tank/ Pond

Schools

Elementary Schools Bland

Middle Schools Bland

High Schools Bland

School District Bland Isd

Others

Restrictions No Known Restriction(s)

Ownership Sims

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Aerial Photo, Utility Easement

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20895456

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Alisha Moss • Diversified Realty Consultants

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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.

+1(214) 789-9187

[email protected]

6301 Gaston, Dallas, Texas, 75214, United States

6035 US Highway 380 Caddo Mills, TX 75135