19.86 Acre Multifamily Development Opportunity
SEQ of CR 447 & Nathan Dr, Princeton, TX 75407
Marketing description
For registration requirements and regulations, please review here or contact Blake Batula | 916.380.7406 | bbatula@crexi.com.
Introducing a prime 19.86-Acre Multifamily Development Opportunity located at the southeast quadrant of CR 447 & Nathan Dr in Princeton, TX 75407. This expansive property, situated within Princeton's ETJ and boasting approximately 15 usable acres, presents an attractive investment prospect in a rapidly growing area with no zoning restrictions. Featuring utility-ready infrastructure including an existing 48" wastewater line, proposed 8" water line, and proximity to educational institutions like Princeton ISD, this parcel is primed for development. Water and sewer capacities are in place with future expansion plans outlined. With a favorable tax rate of 1.440% and top-rated schools nearby, this property offers a compelling opportunity for investors and developers alike. Don't miss out on this lucrative real estate gem in a thriving Texas community. Contact us today for more information and to explore the potential of 19.86 Acres in Princeton, TX!
· Non-Contingent
· Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
· Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
· $10,000 Participation Deposit
APN# R-6890-002-0450-1, Princeton, TX 75407
Investment highlights
ABOUT PRINCETON
Situated within Collin County, Princeton saw a 100% growth rate from 2000-2010, and a 150% growth rate from 2010-2020
Since 2000, Princeton has seen the 6th highest growth in North Texas, per USDA Rural Development
Population growth is expected to reach 80,000 people on the upper estimate and 65,000 on the lower estimate, with Collin County reaching a total population of 2.4 million
Princeton ISD received an A- on their niche.com rating with a graduation rate of over 90%
Princeton has one of the highest bond ratings from S&P, indicating capacity to financially meet commitments
CONVENIENT ACCESS TO MAJOR THOROUGHFARES
Princeton is conveniently located along US-380, providing access to Hwy 5, Hwy 121, and US-75
CLOSE PROXIMITY TO ENTERTAINMENT & RETAIL
Clear Lake Park: 15 minutes
Downtown McKinney: 18 minutes
Plano: 28 minutes
Downtown Dallas: 40 minutes
DFW Airport: 45 minutes
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