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11470 Massey Road - 46.58+/- Acres | Pilot Point ETJ 46.58 Acres of Residential Land Offered at $4,500,000 in Pilot Point, TX 76258
Investment Highlights
- Positioned off US-377, just 1.5 miles south of downtown Pilot Point and 10 miles north of US-380.
- The existing improvements include an 8,924 SF 7-bedroom home (1975 YOC), two mobile homes, an 8,360 SF barn, and an 18,115 SF barn.
- Pilot Point’s population has surged 54.6% since the 2020 Census.
- Located within Pilot Point’s ETJ, there are no known zoning restrictions.
- Immediate income-producing potential and operational flexibility for a new owner, allowing a buyer to generate cash flow.
- The current unemployment rate in Denton County is 3.3 percent per FRED, showing continued employment stability.
Executive Summary
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer the opportunity to purchase 46.58+/- acres (the “Site”) located along US 377 in the Pilot Point, TX ETJ.
On the Site is a 7-bedroom home (1975 YOC & approx. 8,924 SF), two mobile homes, a large barn (approx. 18,115 SF), and a small barn (approx. 8,360 SF). Current ownership is utilizing the property as an event center and has short-term leases on several of the structures.
This presents an incredible opportunity for a new buyer to purchase property in one of Texas’ fastest growing corridors in terms of population in addition to owning an income producing property (See Marketing Flyer for actual and potential rental rates).
The Site lends itself to a variety of potential uses for development given it is within the Pilot Point ETJ. Located just 1.5 miles south of downtown Pilot Point and 10 miles north of US 380, the Site is at the gateway of future development in the region. This deal is exceptionally priced at only $4,500,000 ($96,606 per acre).
A 3% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted or sent information to, in any format, regarding this opportunity. Please contact VREA for additional information.
On the Site is a 7-bedroom home (1975 YOC & approx. 8,924 SF), two mobile homes, a large barn (approx. 18,115 SF), and a small barn (approx. 8,360 SF). Current ownership is utilizing the property as an event center and has short-term leases on several of the structures.
This presents an incredible opportunity for a new buyer to purchase property in one of Texas’ fastest growing corridors in terms of population in addition to owning an income producing property (See Marketing Flyer for actual and potential rental rates).
The Site lends itself to a variety of potential uses for development given it is within the Pilot Point ETJ. Located just 1.5 miles south of downtown Pilot Point and 10 miles north of US 380, the Site is at the gateway of future development in the region. This deal is exceptionally priced at only $4,500,000 ($96,606 per acre).
A 3% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted or sent information to, in any format, regarding this opportunity. Please contact VREA for additional information.
Property Facts
| Price | $4,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 46.58 AC |
| Property Type | Land | ||
| Zoning | Pilot Point ETJ - None | ||
| Price | $4,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 46.58 AC |
| Zoning | Pilot Point ETJ - None |
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 46.58 AC |
| Price Per AC | $96,607.99 |
| Price | $4,500,000 |
| Price Per AC | $96,607.99 |
| Lot Size | 46.58 AC |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,279,558 | |
| Land Assessment | $128,277 | Total Assessment | $1,407,835 |
Property Taxes
Parcel Numbers
Land Assessment
$128,277
Improvements Assessment
$1,279,558
Total Assessment
$1,407,835
Contacts
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Jordan Cortez -
Mason John -
Will Droese -
Justin Tidwell -
Haley Birmingham -
Reid Pierce -
Alex Johnson -
Tim Marron -
Vanguard Real Estate Advisors
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