2956 W FM 720
Land | 2.4 acres
Marketing description
Prime development opportunity in Oak Point, TX! This 2.41-acre lot is strategically located behind a brand-new McDonald's and a multi-tenant strip center featuring Starbucks, 7-Eleven, CVS, and Dunkin' Donuts. The site offers high visibility and accessibility, with a traffic count of 34,739 VPD on FM 720 and 9,694 VPD on McCormick Road. The experienced developer is willing to build-to-suit, making this an ideal location for businesses looking to capitalize on the growing area adjacent to Little Elm. Additionally, the property is permit-ready with completed architectural plans and has city approval for a Montessori School, enhancing its development potential.
Oak Point is a thriving community with a strong demographic profile, including a 5-mile radius population of 132,629 and an average household income of $128,411. Nearby residential developments, such as Wild Ridge and Woodridge Estates, add to the area's appeal. This lot is perfect for retail, office, or medical use, with flexible leasing options available.
Investment highlights
High Traffic Area: 34,739 VPD on FM 720 and 9,694 VPD on McCormick Rd.
Prime Location: Adjacent to new McDonald's and Starbucks.
Flexible Leasing: Experienced developer willing to build-to-suit.
Permit-Ready: Approved by city for Montessori School with completed architectural plans.
Growing Community: Strong demographics with high average household income.
Retail Synergy: Surrounded by popular retailers like CVS and Dunkin' Donuts.
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