Source:
North Texas Real Estate Information Systems (NTREIS)
MLS#21410033
About the Property
Priced well below appraised value! Motivated seller; bring all offers! High-Visibility Development Opportunity on US Highway 380. Positioned along one of North Texas’s busiest growth corridors, this 4-bedroom, 3-bath residence and a detached 2-bedroom, 1-bath residence will require updating but can be used as two rental income properties and offers adaptive-reuse potential for offices, operations,
Priced well below appraised value! Motivated seller; bring all offers! High-Visibility Development Opportunity on US Highway 380. Positioned along one of North Texas’s busiest growth corridors, this 4-bedroom, 3-bath residence and a detached 2-bedroom, 1-bath residence will require updating but can be used as two rental income properties and offers adaptive-reuse potential for offices, operations, or other business purposes. The 1.825-acre site offers approximately 200 feet of Highway 380 (University Drive) frontage and exposure to a high-traffic area. The property’s visibility, access, and flexible multi-use when re-zoning will create a compelling opportunity for investors and developers pursuing retail, office, flex, light industrial, storage, or land-lease strategies. The site is 4 miles from Texas Woman’s University, 6 miles from University of North Texas, and minutes from Walmart, Lowe’s, Home Depot, Target, Starbucks, McDonald’s, CVS, and the future H-E-B, with convenient access to Downtown Denton, Little Elm, Prosper, and Frisco. It is also approximately 10 miles from the PGA of America headquarters and less than an hour to both Dallas and Fort Worth. With ample room for development, and vehicle circulation, the property is well suited for an owner-user, build-to-suit project, income-producing land lease, or long-term investment. Its prominent location, strong traffic counts, existing improvements, and proximity to established and emerging demand drivers provide a strategic location in the expanding Highway 380 corridor.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
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