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28975660

2009 Oak Grove Pkwy, Little Elm, TX 75068

SZ
TX 653171
Beam Real Estate
Listed by Beam Real Estate
$16,500,000
171 days on market
Updated 108 days ago

Commercial Pads with Residential Approved Project for Sale

Details
Property Type Land
Sub Type Commercial, Residential

Land With Residential Project Approved For Sale

Marketing description

Add: 2009 Oak Grove Pkwy, Little Elm, TX 75068

  • Commercial Pad Sites ( Plat Approved ) For Sale in Little Elm , Tx on a Very Busy Road

  • 5 Commercial Lots next to each other for Sale individually . City has Approved Final Plat for all 5 lots

  • Lot # 1 - 1.13 Acre . City Allowing 9,300 SF Commercial Retail Building including 3,100 SF for a Restaurant without Drive Through but patio allowed . Remaining 6,200 SF Space can be for any other Retail Business Like Grocery Store . Asking Price $24 / SF

  • Lot # 3 - 0.48 Acre . 2,115 SF Fast Food Restaurant Approved WITH a Drive Through as well . Asking Price : $25/ SF

  • Lot # 4 - 0.83 Acre lot . 6,250 SF Medical Office building approved . Asking Price : $24/ SF

  • Lot # 5 - 1.21 Acre . 7,100 SF Retail Building with 72 Parking Spots - Asking Price : $24/ SF

Behind these Commercial Lots is Residential land

For Sale as well owned by Same owner - Info below

  • 6.14 Acre Land in Little Elm , Tx Almost approved for 42 Town Homes from City

  • Permits are 4 months Away but Seller will Close Deal only After approval of all Permits

  • 2,250 SF Town Home Size each , 4 Bed 3 1/2 Bath

  • Seller Selling land along with all final Approved permits from City - Land will be Ready to break Ground once all permits are in hand in 4 months

  • Asking Price for 6.14 Acre land Plus all approved permits: $3.5 Million

  • As Per Seller , Cost of Construction for 42 Town Homes to be Approx $13 Million

  • Buyer Total Approx Cost of paying off Current land owner and Cost of Construction to be $16.5 Million

  • As Per Seller , Value of Total Project after Construction at Retail Price to be $24 Million So Approx $7 Mill Profit for Developer After all Town homes Built and sold

  • Huge Development in the City all around this land - 300 Plus Homes and an Ace Hardware Store Coming across street Apart from multiple Residential Development Projects within 2-3 miles radius of this site

Proof of Down payment Funds and NDA must for any further info.

Listing Contacts

SZ
TX 653171
Beam Real Estate
Listed by Beam Real Estate

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