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N State Highway 121 - 81.13+/- Acre Development Site 81.13 Acres of Residential Land Offered at $2,250,000 in Bonham, TX 75418
Investment Highlights
- The Site is located within the City of Bonham and is zoned (R) Single-Family Residential Dwelling District.
- Additional uses allowed within the current zoning may include schools, churches, community center, or other similar uses.
- The Site is well located along N. State Highway 121 with approximately 1,700 feet of frontage.
- The minimum lot size permissible on the Site is 60 ’x 100’.
- The Site also lends itself to various recreational uses and/or a future estate.
Property Facts
| Price | $2,250,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 81.13 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | Single-Family Residential - Single-Family Residential Dwelling District (R) (60’ x 100’ lot min) | ||
| Price | $2,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 81.13 AC |
| Opportunity Zone |
Yes |
| Zoning | Single-Family Residential - Single-Family Residential Dwelling District (R) (60’ x 100’ lot min) |
1 Lot Available
Lot
| Price | $2,250,000 | Lot Size | 81.13 AC |
| Price Per AC | $27,733.27 |
| Price | $2,250,000 |
| Price Per AC | $27,733.27 |
| Lot Size | 81.13 AC |
Description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained to offer investors and developers the opportunity to purchase 81.125+/- acres (the “Site”) located along North State Highway 121 in Bonham, TX. This Site offers direct frontage (1,700 feet) on Highway 121, one of North Texas’ primary thoroughfares. The Site is less than one mile north of Highway 82, an important east-west route running from Lubbock to Texarkana, and 2.75 miles north of Highway 56, a key thoroughfare serving greater Fannin County. With the Site already zoned single family allowing for 60’ x 100’ minimum lot size; creating an exceptional opportunity for investors or developers seeking land in the path of growth, all at an asking price of just $27,733 per acre. A 2% Co-Broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity. If seeking a Co-Broker Fee, the third-party broker must be identified upon initial conversation with listing broker.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $954,790 | Total Assessment | $954,790 |
Property Taxes
Contacts
-
Jordan Cortez -
Mason John -
Alex Johnson -
Justin Tidwell -
Reid Pierce -
Haley Birmingham -
Will Droese -
Tim Marron -
Vanguard Real Estate Advisors
