0 I-20 Highway, Terrell, TX

Land for Sale - $925,000 - 0 acres


Agent Info

Danielle Watkins
CENTURY 21 Judge Fite Company

Property Info

CIMLS#1159133
Location
  0 I-20 Highway
  Terrell TX 75160
UpdatedMay 14th, 2024
TypeLand
Price$925,000
Land0 acres

Property Description

5.3-acre lot just off Hwy I-20 E in the city of Terrell. The property is located in Tax Increment Reinvestment Zone No.1 opening up the opportunity for tax incentives for developers. Positioned to maximize visibility and accessibility for businesses with TXDot's planned connection of a frontage road in front of the lot. Current zoned agricultural for tax purposes, this parcel holds promise with its future use designation as a Traditional Neighborhood. City has confirmed that this property falls within the commercial corridor, making it eligible for commercial zoning, opening up possibilities for commercial ventures. Lot is close Terrell Crossroads and outlet shopping center. This prime location presents a rare chance to capitalize on Terrell's growth trajectory, offering a strategic position within the commercial corridor and opportunities for investment and development. Whether envisioning a commercial enterprise, residential project, or a blend of both in a rapidly evolving area.


Financials


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