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$2,300,000
Est. payment /mo
64.58 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Charles Cantrel
MLS Listing ID 21013131
Year Built 1989
Annual Tax Amount $4,495
Lot Size 64.575 Acres
Acres 64.575
Property Sub-Type Unimproved Land
Property Description
RV Park, Flex Office or Manufactured Home opportunity with no zoning restrictions! The tract is a distinctive land opportunity located at the northeast corner of FM 1235 and Hwy 82 in Savoy, Texas. This property spans roughly 64.575 acres, showcasing 770 feet of frontage on Hwy 82, and includes a residence currently under a leasing agreement. Thanks to an agricultural exemption, Savoy 82 enjoys a reduction in tax liability, making it an even more attractive investment. Situated just 59 miles north of Dallas, the site is within a 45-minute drive of a workforce exceeding 550,000, offering substantial accessibility and potential for various development projects and investment potential. Given its position outside city limits, the property comes with few use restrictions, presenting a versatile opportunity. The proximity to Bonham, just 8 miles east, with a population of 27,000 and the recently opened Bois d'Arc Lake, hints at a vibrant area on the cusp of growth, expected to generate around 2,400 new jobs. Furthermore, being 11 miles from Sherman, a city with a population of 45,000 and undergoing massive expansions such as the Texas Instruments Chip Manufacturing Facility and Globitech's $5 billion expansion, indicates a region brimming with economic activity and potential. These developments are anticipated to create thousands of jobs, reinforcing the area's economic base. Additionally, the recent announcements from Hard Rock Hotel and Margaritaville Resorts about establishing locations on Lake Texoma, merely 35 miles north, suggest an increase in tourism and leisure opportunities, further enhancing the property's appeal. Savoy 82 is not just a piece of land; it's a gateway to a myriad of development possibilities, fueled by the surrounding economic expansions and the increasing appeal of the region.
Location
State TX
County Fannin
Zoning Savoy ETJ - No zoning restrictions
Direction Head East on Highway 82 from Sherman, Property will be 5 miles past Highway 69 on your left.
Exterior
Utilities Available Aerobic Septic, Co-op Water, Electricity Available
Garage No
Building
Lot Description Acreage, Agricultural
Others
Ownership See appraisal district
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21013131
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Listed by Joshua Bryan • Fairview Development Inc.