65+/- Acre Development Opportunity Greenville, TX
Land | 65.04 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer investors and developers the opportunity to purchase 65.04+/- acres (the “Site”) located along Shelby Avenue in Greenville, TX. The Site is located just one and a half miles north of Interstate 30 and only a mile south of Highway 380. The Site is ideally positioned within the southern section of Greenville, which has seen the majority of the new residential and commercial developments to the area.
The Site is zoned Agricultural, and per the future land use map the Site is marked as “Residential - Multifamily,” which calls for high density residential uses. Priced at only $49,000 per acre, this property offers exceptional value in a prime location directly in the path of growth.
To gain access to the Due Diligence Vault click on the link below:
Due Diligence Vault - 65.04+/- Acres Greenville
A 2.5% 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.
Investment highlights
Strategic Location
The Site is located within a mile of newly constructed homes priced up to $370,000.
The Site is just over a mile north of Interstate 30 and a mile south of Highway 380.
Zoning
The Site is zoned Agricultural, and per the future land use map the Site is marked “Residential - Multifamily,” which calls for high density residential uses.
The Seller has a conceptual site plan depicting a variety of uses including multifamily, townhomes, and single family.
Purchaser to verify zoning and uses allowed on the Site.
Population and Demographics
Per the US Census Bureau, Greenville has a population of approximately 32,717 an increase of 16.2% since 2020.
Hunt County has a current population if approximately 113,347 as of 2023, an increase of 13.4% over from 2020 according to the U.S. Census Bureau.
According to Texas Realtors, the median home price in Greenville in Q1 2025 was a 6.6 percent increase year-over-year.
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