Real Estate is Great at Judge Fite
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Transcript of Real Estate is Great at Judge Fite
Real Estate is Great at Judge Fite
FOR SALE
281 Acres on Highway 380 Greenville, TXPerfect for almost any development – commercial, warehousing or residential
3000 Feet of frontage on Highway 380
Flat land with little maintenance
• Historical Facts– Agricultural – still being farmed– Old house used to be on the property, but has
been removed quite some time ago– Ownership has been with the same family for
many years
Many Options Available
• Not currently zoned• Potential Usage:– Distribution Center(s)– Commercial on road frontage with residential to
the rear– Factory– All residential
Benefits
• Caddo Basin Water District has expanded water lines to 12” anticipating growth
• Rear access to the property is available off County Road 2148
• Railroad line is within 4 miles• Greenville city is within 5 miles• Highway 380 will provide main thoroughfare
between I-35 in Denton and I-30 in Greenville
More Benefits
• No zoning restrictions• Flat land with few trees to clear• Greenville airport within 7 miles includes an
8000 foot runway• Collin County outer loop highway has been
approved and planned to run within 5 miles to the west
Significant Events
• TXDOT has purchased nearly 10 acres to enable widening of Highway 380– Work has begun from county line to the city– Comparables resulted in payment above current asking
price• Walton, Inc. has purchased over 6600 acres totally
surrounding the property– Greenville Council has approved MUD– Development expected to occur over next several years
Proposed Walton Development(arrow indicates location of this property – surrounded by the MUD)
Projection
• Greenville has been compared to McKinney in 1980 – growth is projected
• Land prices along the portions of Highway 380 that have already been widened have risen significantly – causing the belief that this property will do likewise
• The MUD development will significantly contribute to growth of this corridor
281 Acres on Highway 380Greenville, TX
Listed by Century 21 Judge Fite Company
Wayne Hinton – 214.693.9892
Real Estate is Great at Judge Fite