4.89 Acre Development Opportunity with FM 6 Frontage in rapidly growing Josephine! Located in the expanding Collin County market, this property offers an exceptional opportunity for developers, investors and commercial users. The property includes a 2,507 square foot custom single-story home featuring 3 bedrooms, 2.5 baths and a 2-car attached garage, with potential for conversion to office space. Currently zoned residential, the property is located within an area identified by the City of Josephine for future mixed-use development, creating potential for commercial, residential, office or mixed-use applications, subject to zoning, approvals and feasibility. The property offers 188 feet of frontage along FM 6, also known as E. Cook St., providing excellent visibility, plus additional access from Caddo Street at the rear. Rapid residential growth surrounding the property, including both large and smaller-scale housing developments, further enhances its long-term development potential. A 6-inch water line is located along E. Cook Street, with nearby 8-inch and 10-inch wastewater lines. An adjoining 5-acre property is also available, providing the opportunity to assemble approximately 10 acres for a larger-scale development.
| MLS # | 21368118 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 2014 |
| Days On Site | 63 |
| Listing Provided By | Ebby Halliday, REALTORS | Kim Craig |
| SQ Feet | 2,507 |
|---|---|
| Story(s) | 1 |
| Zoning | Commercial, Residential |
| Acreage | 5.00 |
| Cooling | Ceiling Fan(s), Central Air, Electric, Zoned |
|---|---|
| Heating | Central, Fireplace(s), Propane, Zoned |
| Roof | Composition |
|---|---|
| Security Features | Security Gate, Smoke Detector(s) |
| Construction Materials | Rock/Stone |
| Foundation Details | Slab |
| Lot Features | Acreage |
| Parking Features | Additional Parking, Driveway, Electric Gate, Garage Door Opener, Garage Double Door, Garage Faces Side, Gated |
|---|
| Utilities | Aerobic Septic, City Water, Concrete, Electricity Connected, Individual Water Meter, Propane |
|---|
| Unexempt Taxes | 7918 |
|---|---|
| Tax Legal Description | ABS A0709 JOHN PENNINGTON SURVEY, TRACT 46, 1 |
| State | TX |
|---|---|
| County | Collin |
| City | Josephine |
| Zip Code | 75189 |
| Area | Collin |
| Community Name | ABS A0709 JOHN PENNINGTON SURVEY |
| Listing VS Median (in ABS A0709 JOHN PENNINGTON SURVEY) | |
Price: $1,300,000 low | high Med: $1,147,500 sqft: 2,507 low | high Med: 2,410 $ / sqft: $519 low | high Med: $474 On site: 63 low | high Med: 332.5 | |
| State | TX |
|---|---|
| County | Collin |
| City | Josephine |
| Zip Code | 75189 |
| Area | Collin |
| Community Name | ABS A0709 JOHN PENNINGTON SURVEY |
| Listing VS Median (in ABS A0709 JOHN PENNINGTON SURVEY) | |
Price: $1,300,000 low | high Med: $1,147,500 sqft: 2,507 low | high Med: 2,410 $ / sqft: $519 low | high Med: $474 On site: 63 low | high Med: 332.5 | |