89.46+/- Acre Residential Development Site | Gainesville, TX
Land | 89.62 acres
Marketing description
Vanguard Real Estate Advisors (“VREA”) is pleased to present the opportunity to acquire approximately 89.46 +/- acres located along Shipley Street, O'Neal Street, and Wheeler Creek Drive in 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, which contemplates a rezone of the Site to 294, 50’ single family lots. The Site is located less than 500 feet south from US Highway 82, and approximately two miles east from I-35. This Site is exceptionally well-priced at $3,200,000 ($35,770 per acre) and is a great opportunity to acquire a property in the rapidly growing City of Gainesville.
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Due Diligence Vault - 89.46+/- Acres Gainesville
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.
Investment highlights
Strategic Location
The Site is located approximately two miles east of I-35, and less than 500 feet south of US- Highway 82.
WinStar World Casino is located approximately 10 miles north of the Site.
Ideally located adjacent to established single family communities positioning the Site in the path of growth.
Zoning
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.
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.
Purchaser to do their own due diligence related to zoning and permitted uses.
Population and Demographics
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.
Cooke County has an estimated population of 44,258 as of 2024, with a growth rate of 6.2% since 2020.
As of May 2025, the average home sale price in Cooke County was $360,000 per Redfin.com.
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