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Terrell,TX 75160
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Jno C Hale
MLS Listing ID 20609019
Annual Tax Amount $4,312
Lot Size 5.300 Acres
Acres 5.3
Lot Dimensions 485x580x463x491
Property Description
5.3-acre lot just off Hwy I-20 E in the city of Terrell. The property is located in Tax Increment Reinvestment Zone No.1 opening up the opportunity for tax incentives for developers. Positioned to maximize visibility and accessibility for businesses with TXDot's planned connection of a frontage road in front of the lot. Current zoned agricultural for tax purposes, this parcel holds promise with its future use designation as a Traditional Neighborhood. City has confirmed that this property falls within the commercial corridor, making it eligible for commercial zoning, opening up possibilities for commercial ventures. Lot is close Terrell Crossroads and outlet shopping center. This prime location presents a rare chance to capitalize on Terrell's growth trajectory, offering a strategic position within the commercial corridor and opportunities for investment and development. Whether envisioning a commercial enterprise, residential project, or a blend of both in a rapidly evolving area. Seller will consider owner financing dependent on Terms and Conditions.
Location
State TX
County Kaufman
Zoning Currently Agricultural for TAX purposes. Future land use is New Traditional Neighborhood, but per City of Terrell Can be easily converted to commercial use due to being in commercial corridor.
Direction Property does not have physical address yet, Map to 320 FM 2578 Terrell TX, subject property is SE of Kingdom Hall on road that splits off to the right when heading SE on 2578
Exterior
Utilities Available None
Garage No
Building
Lot Description Acreage,Many Trees
Others
Ownership Fawcett; Hughes; Solis
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Aerial Photo,Verify Rollback Tax,Verify Tax Exemptions