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FM 982
Princeton, TX 75407
Land For Sale
·
39.87 AC
PROPERTY FACTS
DESCRIPTION
39.87 acres at the SEC of FM-982 (2nd St) and CR-452 in Princeton, Tx which is a suburb of McKinney, Tx. Utilities available on or near site and sanitary sewer is only about 1,000' from site. This is an excellent tract for a residential single family development with a possible retail hard corner. Princeton has been growing steadily for the last few years and is now on the verge of exploding. One of the few areas in the DFW Metroplex where new construction can be found starting in the upper $100's. In the last year Walmart opened in Princeton, CVS and other major retailers have also opened new locations. As of this posting, In the last 90 days there have been 52 single family homes come on the market that are built 2000 or later. 10 are active, 27 are sold and closed, 15 are pending. Trending upwards, solds average $212,766 or $103.86psf, pendings $234,054 or $113.61psf and actives $244,959 or $109,58psf. This property sits high and has over 3400' of road frontage per survey. Property is currently in AG. Located just south of Princeton Dr (Hwy 380) on FM-982 at CR-452. Drive time to the new Toyota HQ is right at 30 minutes total.
