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614 Lone Oak St - Lone Oak Parcel in Old Town District 0.55 Acres of Commercial Land Offered at $875,000 in Lewisville, TX 75057

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INVESTMENT HIGHLIGHTS

Commercial lot ready for development in the Old Town District of Lewisville. Great street presence and ease of access to major thoroughfares.

EXECUTIVE SUMMARY

Price Reduction on Commercial lot in the Old Town District of Lewisville with mixed use zoning and easy access to both Business Highway 121 and Interstate 35. This lot is ready for development with great visibility, utilities to site and has the potential to become a corner lot as Lone Oak Street will be extended to connect with E Purnell Street. Newly built townhomes and apartments as well as multiple other commercial projects are underway in the downtown area to support vigorous growth opportunities!

Old Town Master Plan Update

7 Purnell St Redbud St Connection Project Data Sheet

2 McKenzieHembry Neighborhood Rehab Phase 2 Project Data Sheet

CommunityProfile

PROPERTY FACTS

Price	$875,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial
Sale Conditions	1031 Exchange Build to Suit	Total Lot Size	0.55 AC
No. Lots	1	No. Stories	1
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Multi Use / Industrial - Property could be approved by the city for townhome or multi family use.

Price	$875,000
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange Build to Suit
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial
Total Lot Size	0.55 AC
No. Stories	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Multi Use / Industrial - Property could be approved by the city for townhome or multi family use.

1 LOT AVAILABLE

Lot

Price	$875,000	Lot Size	0.55 AC
Price Per AC	$1,590,909.09

Price	$875,000
Price Per AC	$1,590,909.09
Lot Size	0.55 AC

Commercial lot in the Old Town District of Lewisville with mixed use zoning and easy access to both Interstate 35N and Business HWY 121. Lone Oak Street will connect to Purnell Street and this property will be a corner not. Utilities to site!

DESCRIPTION

Property was use for residential purposes, but the property has been improved with city utilities and fronts both E Purnell Street and will front on Lone Oak Street once developed. Property is ready for improvement and has multiple use options.