8293 US-377 HighwayPilot Point, TX 76258

Description

3.049 +- Commercial Eligible Acres with over 225 feet of Highway 377 frontage. Now available for the first time in over 50 years, positioned directly in the path of opportunity. Not located in Flood Zone and Outside City Limits. East facing Prime location with immediate proximity to N. Sherman Drive, FM 455, Springhill Road and US HWY 380 known as the North Texas most active Commercial Corridors. This offering includes the opportunity to acquire the 3.049 acre tract, one of two contiguous parcels. The adjoining 2.716 Acre parcel is not for sale at this time and not included in this offering. Currently zoned residential this rare property is surrounded by expanding infrastructure and ongoing residential development, this location offers both immediate access and long term upside for investors, institutional assembly and commercial users. With planned TXDOT 6-lane highway expansion, this property is set to benefit from increased traffic counts, enhanced visibility and long term commercial viability. New owners will receive the eminent domain compensation from TXDOT partial acquisition which consists of. approx 5,7678 sq ft. As infrastructure drives development, sites like this become key anchors for future retail, service or mixed use projects to cater to the surge of new residential development. Structured with a one-year lease back to Seller this income producing property has a residential 4 bedroom 3 bath with recreation room single family home or office and propane heated pool. Well-suited for an owner-operator looking to establish a flagship presence. Buyers are encouraged to conduct independent due diligence to verify all information. Owner occupied. This property is subject to eminent domain. Information uploaded in transaction desk Please contact Listing Agent Ashlee Luna for additional questions or to schedule a tour. Survey available.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Craftsman / Early American

Year built

1973

Living area

2,640 Sq Ft

Lot size

3.05 acres

Days on market

181

MLS^® Listing#

21228436

Property Features

Interior

Built-in Features

Appliances

Built-In Gas Range

Pool

Gunite · Heated

Parking

Additional Parking · Aggregate

Utilities

Cable Available

Sewer

Septic Tank

Water source

Public

Schools

Elementary

Pilot Point

Middle

Pilot Point

High

Pilot Point

District

Pilot Point ISD

Financial Details

Annual taxes

$3,096

Parcel number

R556358

Directions

Property is on West side of Highway 377. From 380 go north approx 6 miles property will be on the left. From Spring Hill Rd north on Highway 377 approx 1.7 miles north on left. Positioned across from Twin Cities Trailer Approx 0.2 miles south of N Sherman Drive. and Approx 3 miles south of FM 455