I-20 & FM 2578
Terrell, TX 75160
Lot for Commercial or Residential Development · Land For Sale · 5.30 AC

The property is located in city of Terrell Tax Increment Reinvestment Zone No.1 opening up the opportunity for tax incentives for developers. This 5.3-acre lot is ideally situated just off Highway I-20 East in the growing city of Terrell, Texas. This property is in a prime location with TX Dot's planned connection of a frontage road directly in front of the lot, ensuring accessibility and visibility for future development. The City of Terrell has confirmed that this property falls within the commercial corridor, making it eligible for commercial zoning, opening up a myriad of possibilities for commercial ventures or mixed-use development or can be zoned as New Traditional Neighborhood. Sellers have currently maintained Agricultural zoning for tax purposes to save on costs until you are ready for development. Located east of the newly established Woodlands Subdivision, residents will enjoy proximity to essential amenities such as Terrell Crossroads and The Shops at Terrell outlet mall. The property is just minutes away from the Buc-ee's, with significant future development planned in the vicinity, promising a dynamic and thriving locale for businesses and residents alike. Whether envisioning a commercial enterprise, residential project, or a blend of both, this 5.3-acre lot provides the opportunity for tapping into the investment potential in one of Texas's rapidly evolving areas.