6035 US Highway 380
Caddo Mills, TX 75135
36.21 acres | #20895456
Description
Rare find Investment with over 2600' of PRIME road frontage including over 900' on bustling Highway 380! This Premium 36+ acre Hard Corner is where the future 380 bypass around Farmersville will rejoin the Highway at the Hunt County line Road. This will be a major intersection, and an excellent location for a fuel center, convenience store, restaurant, retail or light industrial. This land is on the Hunt County side of the road, and comes with two existing sources of income: A 3bed, 2bath brick home with shop and barn, perfect for rental property PLUS a communications tower with approx 5 years remaining on existing lease. Tower generates approx 13K-15K in annual revenue, and lessee has expressed an interest in extending the lease. The land currently has an ag exemption for hay production and also features a large pond. This is an Excellent Location on one of the Busiest thoroughfares in North Texas. Everyone is Buzzing about the Highway 380 expansion, and development tracts between Farmersville and Greenville are getting scarce.. Existing 12 inch water line along Hwy frontage makes development easy. Not often investors find a parcel with such strong current income with a very high ROI in the very near future.
Property Details
- Utility FeaturesAll Weather Road, Co-op Water, Electricity Connected, Individual Water Meter, Propane, Septic
- Lot DescriptionAcreage, Agricultural, Corner Lot, Few Trees, Level, Pasture, Tank/ Pond
- SubdivisionJohnson Hezekiah
- Property SubtypeImproved Land
- School DistrictBland ISD
- Property TypePurchase
- MLS #20895456
- MLS #20895456
- Acres36.2115
- Cost2896920
- Elementary SchoolBland
- Year Built1980
- CountyHunt
Location
Legal
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Last Updated: . Source: NTREIS
Listing Courtesy
Listing Agent: Alisha Moss (#0455623)
Listing Office: Diversified Realty Consultants (#PRE01C)
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