Homes for sale - 0 I-20 Highway, Terrell, TX 75160

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Alonzo Luna

alonzo@lunateam.com +1(817) 263-1100

$ 795,000

Est. payment | -/mo

5.3 Acres Lot

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$ 795,000

Est. payment | -/mo

Save Virtual Tour

5.3 Acres Lot

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

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Danielle Watkins • CENTURY 21 Judge Fite Co.

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Alonzo Luna

REALTOR® | Lic# 420410

alonzo@lunateam.com

+1(817) 263-1100

133 S Scott St, Burleson, TX, 76028

0 I-20 Highway Terrell, TX 75160

Alonzo Luna

Key Details

Location

Exterior

Building

Others

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0 I-20 Highway