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Investment Highlights

  • MAJOR TRAFFIC ON HWY 289 NORTH
  • SOUTH WEST CORNER OF REED AND WHY 289

Executive Summary

11 acres with commercial potential on Preston Road with approximately 740 feet of frontage on Hwy 289 , Preston Rd and approximately 700 feet of frontage on Reed Road. 11 acres of limitless possibilities, potential for commercial, Residential or a Multifamily community development. Located in one of the fastest growing corridors in the state of Texas, small pond, creek, hardwood trees and a hard corner on 289. Water available, 8 inch water line on north west side of Reed Rd and 289, confirmed thru Maverick Utilities, will require under Reed bore. Take a drive a few minutes north of the middle of Gunter, this property is located inside the city limits. Seller is Licensed Real Estate Agent. NOTE: BUYER IS RESPONSIBLE FOR CONFIRMING ALL DETAILS RELATED TO ZONING, ROAD EXTENSIONS, USAGE, UTILITIES, EASEMENTS, FLOOD PLAIN, ETC.

Property Facts

Price $1,916,640
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Office
  • Multifamily
  • Warehouse
Total Lot Size 11.00 AC
Cross Streets REED LANE
Zoning C2 - Commercial Land, just inside the city limits of Gunter. North edge of town, south west intersection of 289 and Reed Road.

1 Lot Available

Lot

Price $1,916,640
Price Per AC $174,240.00
Lot Size 11.00 AC

11 acres with commercial potential on Preston Road with approximately 740 feet of frontage on Hwy 289 , Preston Rd and approximately 700 feet of frontage on Reed Road. 11 acres of limitless possibilities, potential for commercial, Residential

Description

11 acres with commercial potential on Preston Road with approximately 740 feet of frontage on Hwy 289 , Preston Rd and approximately 700 feet of frontage on Reed Road. 11 acres of limitless possibilities, potential for commercial, Residential or a Multifamily community development. Located in one of the fastest growing corridors in the state of Texas, small pond, creek, hardwood trees and a hard corner on 289. Water available, 8 inch water line on north west side of Reed Rd and 289, confirmed thru Maverick Utilities, will require under Reed bore. Take a drive a few minutes north of the middle of Gunter, this property is located inside the city limits. Seller is Licensed Real Estate Agent. NOTE: BUYER IS RESPONSIBLE FOR CONFIRMING ALL DETAILS RELATED TO ZONING, ROAD EXTENSIONS, USAGE, UTILITIES, EASEMENTS, FLOOD PLAIN, ETC. Public Driving Directions: NORTH OF GUNTER ON HWY 289 AT THE SOUTHWEST CORNER OF HWY 289 AND REED ROAD

Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
214082
Land Assessment
$254
Improvements Assessment
$0
Total Assessment
$254
  • Listing ID: 27008030

  • Date on Market: 10/31/2022

  • Last Updated:

  • Address: TBD HWY 289, Gunter, TX 75058

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