I-20, Terrell, Texas 75160
- $925,000
- List Price
- $925,000
- MLS#
- 20609439
- Status
- ACTIVE
- Type
- Land
- County
- Kaufman
- City
- Terrell
- Subdivision
- JNO C HALE
- Development
- City Limits, Other
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.
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Additional Information
- Unexempt Taxes
- $4,312
- HOA
- No HOA
- Lot Dimensions
- 485x580x463x491
- Lot Size
- 230,868
- Acres
- 5.30
- Lot Description
- Acreage, Agricultural, Many Trees, Other
- Subdivided
- Yes
- Numberof Lots
- 1
- Street Utilities
- None
- Heating Cooling
- None
- Road Frontage Desc
- Interstate
- School District
- Terrell Isd
- Elementary School
- Gilbert Willie, Sr.
- Middle School
- Furlough
- High School
- Terrell
- Possession
- Closing/Funding
- Present Use
- Agricultural
- Proposed Use
- Agricultural, Commercial, Development, Industrial, Mixed Use, Multi-Family, Residential, Retail, Subdevelopment, Other
- Zoning
- 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.
- Possession
- Closing/Funding
- Ag Exemption
- Yes
- Restrictions
- No Known Restriction(s)
- Easements
- Utilities
Mortgage Calculator
Listing courtesy of Danielle Watkins from CENTURY 21 Judge Fite Co.. Contact: 972-270-2100