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O'Neal Street - 89.46+/- Acre Residential Site | Gainesville 89.46 Acres of Residential Land Offered at $3,200,000 in Gainesville, TX 76240
INVESTMENT HIGHLIGHTS
- The Site is located approximately two miles east of I-35, and less than 500 feet south of US- Highway 82.
- Ideally located adjacent to established single family communities positioning the Site in the path of growth.
- The Seller contemplated a concept plan, which consists of 294, 50’ single family lots. Please note, it’s our understanding this would require a rezone
- WinStar World Casino is located approximately 10 miles north of the Site.
- The Site is currently zoned SF-2 which allows for a minimum lot size of 7,500 square feet with a minimum width of 75 feet.
- According to the US Census Bureau, Gainesville has a population of approximately 18,295 as of 2024, with a growth rate of 5.2% since 2020.
EXECUTIVE SUMMARY
Vanguard Real Estate Advisors (“VREA”) is pleased to present the opportunity to acquire approximately 89.62 +/- acres (the “Site”) located along Shipley Street, O Neal Street, and Wheeler Creek Drive in the rapidly growing city of Gainesville, Texas. The Site is zoned SF-2, which allows for single family development with a minimum lot width of 75’. The Seller has a concept plan, located on page 5 of this flyer, which contemplates a rezone of the Site to 294 50’ single family lots. The Site is located less than 500 feet south from East US Highway 82, a major east-west thoroughfare and approximately two miles east from I-35, a major north-south highway. This Site is exceptionally well-priced at $3,200,000 ($35,706 per acre) and is a great opportunity to acquire a property in the rapidly growing city of Gainesville.
To gain access to the Due Diligence Vault click on the link below:
https://docsend.com/view/s/xz7ssq39iwtedbu3
A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.
To gain access to the Due Diligence Vault click on the link below:
https://docsend.com/view/s/xz7ssq39iwtedbu3
A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.
PROPERTY FACTS
| Price | $3,200,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 89.46 AC |
| Property Type | Land | ||
| Zoning | SF-2 - Single Family | ||
| Price | $3,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 89.46 AC |
| Zoning | SF-2 - Single Family |
1 LOT AVAILABLE
Lot
| Price | $3,200,000 | Lot Size | 89.46 AC |
| Price Per AC | $35,770.18 |
| Price | $3,200,000 |
| Price Per AC | $35,770.18 |
| Lot Size | 89.46 AC |
1 1
PROPERTY TAXES
| Parcel Number | 26380 | Improvements Assessment | $0 |
| Land Assessment | $83 | Total Assessment | $83 |
PROPERTY TAXES
Parcel Number
26380
Land Assessment
$83
Improvements Assessment
$0
Total Assessment
$83
CONTACTS
-
Jordan Cortez -
Mason John -
Alex Johnson -
Reid Pierce -
Haley Birmingham -
Will Droese -
Tim Marron -
Justin Tidwell -
Vanguard Real Estate Advisors
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O'Neal Street - 89.46+/- Acre Residential Site | Gainesville
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