6035 US Highway 380 new Save Request In-Person Tour Request Virtual Tour
Caddo Mills,TX 75135
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Johnson Hezekiah
MLS Listing ID 20895456
Year Built 1980
Annual Tax Amount $2,790
Lot Size 36.212 Acres
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
Exterior
Utilities Available All Weather Road,Co-op Water,Electricity Connected,Individual Water Meter,Propane,Septic
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
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Aerial Photo,Utility Easement
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20895456