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