

Listed by Advantage Real Estate
$999,000
4400 Hwy 73
Details
Property Type Land
Sub Type Commercial
Price Per Acre $218,182
Acreage 5.500
Zoning Planned Development
Land | 5.5 acres
Marketing description
Prime 5.5-Acre Highway 73 Tract zoned Planned Development. Development possibilities include hotel/motel, full-service or fast food
restaurant, well-suited for light warehousing or distribution. Exceptional frontage (830 ft) for multiple access points (Txdot approval
required). Incentives available --- Under the Texas Local Government Code the City may enter Developer Participation Contracts to
reimburse developers for eligible public infrastructure costs — up to 30% of total costs for qualifying public improvements. Eligible
improvements commonly include drainage systems (stormwater/flood control), water and sewer line installation, public streets (roads,
sidewalks, related infrastructure), and public street lighting. This can materially reduce upfront infrastructure costs for hotel, restaurant or
warehousing projects. City Council approval required.
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Listed by Advantage Real Estate
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