$795,000
For Sale
Browse 14 photos
Type:Purchase
Structure:Land
Zone:Residential

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.

  • Property Details
      • Lot DescriptionAcreage, Agricultural, Many Trees, Other
      • Elementary SchoolGilbert Willie, Sr.
      • Property SubtypeUnimproved Land
      • School DistrictTerrell ISD
      • SubdivisionJNO C HALE
      • Property TypePurchase
      • MLS #20609439
      • MLS #20609439
      • CountyKaufman
      • Acres5.3000
      • Cost795000

Location

My Home Real EstateReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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