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Mingo Rd - Denton/TWU Residential Land 8.4 Acres of Residential Land Offered at $2,100,000 in Denton, TX 76209
INVESTMENT HIGHLIGHTS
- Close Proximity to two Major Universities
- Property has been successfully rezoned to R6
- Utilities readily available for development
- Raw Residential Land
EXECUTIVE SUMMARY
Seller has successfully rezoned the property to R6 which allows for a variety of residential uses including Townhomes, Duplex, Triplex, Fourplex and Single Family Detached. S
PROPERTY FACTS Under Contract
1 LOT AVAILABLE
Lot 28
| Price | $2,100,000 | Lot Size | 8.40 AC |
| Price Per AC | $250,000.00 |
| Price | $2,100,000 |
| Price Per AC | $250,000.00 |
| Lot Size | 8.40 AC |
Lots Available: 28 Price Per Lot: $75,000
DESCRIPTION
The Subject Property is an excellent infill opportunity to acquire 8.4 acres of zoned residential land in fast-growing Denton, TX. The property is within walking distance of the Texas Women's University campus and its 16,000+ students. The University of North Texas campus, with a current enrollment of over 46,000, is less than 2.5 miles away. Additionally, the Historic Downtown Denton Square, home to unique shopping and dining, is just over 1.5 miles from the property. Mingo Road connects to Downtown Denton to the southeast and both University Drive/US 380 and Loop 288 to the northeast. Seller has successfully rezoned the property to R6 which allows for a variety of residential uses including Townhomes, Duplex, Triplex, Fourplex and Single Family Detached. Seller currently has concept plans for a 75 lot Townhome Project and a 34 lot Single Family, Duplex, Triplex, or Fourplex Project.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $171,336 | Total Assessment | $171,336 |
PROPERTY TAXES
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Mingo Rd - Denton/TWU Residential Land
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