
Commercial Pads with Residential Approved Project for Sale
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.
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