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SEQ of CR 447 and Nathan Dr dr - SEQ of CR 447 and Nathan Dr
19.86 Acres of Commercial Land Offered at £3,945,000 in Princeton, TX 75407
Investment Highlights
- High Growth Market with Great Schools
- Direct Access to McKinney, Plano, & Dallas Via US-75
- Close Proximity To Major Thoroughfares
Executive Summary
-Situated within Collin County, Princeton saw a 100% growth rate from 2000-2010, and a 150% growth rate from 2010-2020
-Since 2000, Princeton has seen the 6th highest growth in North Texas, per USDA Rural Development
-Population growth is expected to reach 80,000 people on the upper estimate and 65,000 on the lower estimate, with Collin County reaching a total population of 2.4 million
-Princeton ISD received an A- on their niche.com rating with a graduation rate of over 90%
-Princeton has one of the highest bond ratings from S&P, indicating capacity to financially meet commitments
Close Proximity To Major Thoroughfares
-Princeton is conveniently located along US-380, providing access to Hwy 5, Hwy 121, and US-75
Direct Access to McKinney, Plano, & Dallas Via US-75
-Downtown McKinney: 18 minutes
-Plano: 28 minutes
-Downtown Dallas: 40 minutes
-DFW Airport: 45 minutes
Property Facts
| Price | £3,945,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 19.86 AC |
| Property Type | Land |
| Price | £3,945,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 19.86 AC |
1 Lot Available
Lot
| Price | £3,945,000 | Lot Size | 19.86 AC |
| Price Per AC | £198,640 |
| Price | £3,945,000 |
| Price Per AC | £198,640 |
| Lot Size | 19.86 AC |
±19.86 Acre Multi-Family Development Opportunity Located in Princeton ETJ
Description
ADDRESS: SEQ of CR 447 and Nathan Dr, Princeton, TX 75407 SIZE: ±19.86 Gross Acres; ±15 Usable Acres after ROW, Flood Zone A, and Flowage easement LAT., LONG: 33.14144453114295, -96.50397200159557 ZONING: No Zoning - ETJ PARCEL: R-6890-002-0450-1 UTILITIES: Water: 2” water line along East frontage of CR 447, and an 8” water main exists to the North of the site at Nathan Dr. Future plans include a 12” water main to be built in the West ROW of CR 447 which will loop up to the existing 8” main North of the site and will have capacity to serve the site. Sewer: 48” wastewater line was recently constructed on the West side of CR 447 with capacity to serve the site. FLOODPLAIN: ±4 Acres of 100-Year Floodplain on Eastern portion of tract TAX: 1.488% SCHOOLS: Princeton ISD: James Elementary School; Mattei Middle School; Princeton High School LEGAL: ABS A0890 S D TERRY SURVEY, SHEET 2, TRACT 45, 19.858 ACRES PRICE: $5,000,000 *DMRE is an investor in this Property
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £3,442,092 | Total Assessment | £3,442,092 |
PROPERTY TAXES
zoning
| Zoning Code | ETJ |
| ETJ |
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Tom Dosch -
Trey McGhin -
Anne Bryan -
Dosch Marshall Real Estate
Presented by
SEQ of CR 447 and Nathan Dr dr - SEQ of CR 447 and Nathan Dr
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