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1300 N Beauchamp Blvd - PRICE REDUCED -Entitled MF Site|Princeton, TX 23.34 Acres of Commercial Land Offered at $7,371,000 in Princeton, TX 75407
INVESTMENT HIGHLIGHTS
- The 23.34+/- acre Site is well located along North Beauchamp Boulevard just a mile north of US 380, 7 miles east of US 75, and 8 miles east of SH 121
- The Site is located within Princeton ISD directly south of Southard Middle School, and less than a mile east of Smith Elementary School.
- Per the Seller, the Site is shovel ready with impact fees of approximately $1.57MM remaining to be paid along with permit fees.
- The Site is zoned through PD-29 allowing for 378 multifamily units.
- Existing Class A multifamily deals in Princeton are achieving market rents up to $1.65 psf.
- Just south of the Site is JM Caldwell Sr. Community Park, a facility which includes a dog park, baseball fields, and walking trails.
EXECUTIVE SUMMARY
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers and investors the opportunity to purchase a 23.34+/- acre entitled shoveled ready multifamily development Site located at 1300 North Beauchamp Blvd in Princeton, TX (the “Site”). The Site currently has plans in place for a 378 unit, 3-story, garden-style build out. The Seller will convey existing architectural plans, engineering plans, and select third party reports at closing. The Site has frontage along North Beauchamp Boulevard and Longneck Road, it is also one mile north of US 380 which is the major east-west thoroughfare of the city. Also, in immediate proximity are both Southard Middle School and JM Caldwell Sr. Community Park. This well-located Site is a great opportunity to acquire a development parcel at an attractive and recently reduced price of only $19,500 per developable unit, down from $24,470 per unit.
There is a 1 % co-broker fee available to a broker that sources a principal that VREA has not contacted or sent information to regarding this opportunity.
There is a 1 % co-broker fee available to a broker that sources a principal that VREA has not contacted or sent information to regarding this opportunity.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $7,371,000 | Lot Size | 23.34 AC |
| Price Per AC | $315,809.77 |
| Price | $7,371,000 |
| Price Per AC | $315,809.77 |
| Lot Size | 23.34 AC |
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CONTACTS
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Jordan Cortez -
Justin Tidwell -
Mason John -
Will Droese -
Haley Birmingham -
Reid Pierce -
Tim Marron -
Vanguard Real Estate Advisors
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1300 N Beauchamp Blvd - PRICE REDUCED -Entitled MF Site|Princeton, TX
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