Address
0 I-20 Highway, Terrell, TX
Price
$ 925,000
Property Attributes
- MLS#20609019
- TypeCommercial
- CountyKAUFMAN
- CityTerrell
- NeighborhoodJno C Hale
- Zip75160
- StyleUnimproved Land
- Taxes$ 4312
- Price$ 925,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size5.3 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
5.3-acre lot just off Hwy I-20 E in the city of Terrell. The property is located in Tax Increment Reinvestment Zone No.1 opening up the opportunity for tax incentives for developers. Positioned to maximize visibility and accessibility for businesses with TXDot's planned connection of a frontage road in front of the lot. Current zoned agricultural for tax purposes, this parcel holds promise with its future use designation as a Traditional Neighborhood. City has confirmed that this property falls within the commercial corridor, making it eligible for commercial zoning, opening up possibilities for commercial ventures. Lot is close Terrell Crossroads and outlet shopping center. This prime location presents a rare chance to capitalize on Terrell's growth trajectory, offering a strategic position within the commercial corridor and opportunities for investment and development. Whether envisioning a commercial enterprise, residential project, or a blend of both in a rapidly evolving area.
| Price History | |
|---|---|
| 5/6/2024 | Listed $925,000 |
General Features
| Utilities | None |
|---|---|
| Possession | Closing/Funding |
| Topography | Wooded |
| Business Type | Other |
| Unexempt Taxes | 4312 |
| Will Subdivide | Yes |
| Property SubType | Unimproved Land |
| Subdivision Name | JNO C HALE |
| Zoning Description | Currently Agricultural for TAX purposes. Future land use is New Traditional Neighborhood,but per City of Terrell Can be easily converted to commercial use due to being in commercial corridor. |
| County | Kaufman |
| Property Type | Commercial Sale |
| Year Built Details | Unknown |
| Special Notes | Aerial Photo,Verify Rollback Tax,Verify Tax Exemptions |
| Status | Active |
| Directions | Property does not have physical address yet,Map to 320 FM 2578 Terrell TX,subject property is SE of Kingdom Hall on road that splits off to the right when heading SE on 2578 |
| City | Terrell |
| Buyer Agent Compensation | 2.5 |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20609019 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Total Units | 1 |
|---|---|
| Lock Box Type | None |
Exterior Features
| Lot Features | Acreage,Many Trees |
|---|---|
| Lot Size Source | Public Records |
| Lot Size | 5 to < 10 Acres |
| Lot Size Area | 5.3000 |
| Lot Size Dimensions | 485x580x463x491 |
| Lot Size Units | Acres |
| Building Area Total | 0.00 |
| Lot Size Square Feet | 230868.0000 |
| Lot Size Acres | 5.3000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 75160
Price
Taxes
Visits
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