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$600,000

TBD Fm 131, Denison, TX, 75020

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About this property

Prime 11.04-acre development and investment opportunity on FM 131 in Denison, located within the City of Denison and Pottsboro ISD. The property consists of two parcels: a 1-acre corner tract with approximately 200 feet of frontage on FM 131, zoned Planned Development (PD), and a 10.04-acre tract with over 700 feet of frontage, currently zoned Agricultural. Located directly across from the entrance to Cold Creek and just south of W. Crawford Street, the property offers excellent visibility and access in one of Grayson County's fastest-growing areas. Features include mature trees, a pond, Loy Creek along the north boundary, and abundant wildlife. A floodplain and 200-foot-wide transmission line easement are present, but there remains substantial usable acreage for a variety of potential uses. Conveniently located near Lake Texoma, North Texas Regional Airport, Gateway Village, and Texoma Medical Center, this property is well-positioned to benefit from the continued residential and commercial growth throughout the Texoma region.

Investor Tools

$0Estimated Mortgage Balance
$600,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

Interested in this property?

Brad Rhodes

Easy Life Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Denison

TBD Fm 131 | Property Details | No Agent List