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28193371
28199884

Interstate 35W at FM 407, Argyle, TX 76226

SS
TX TX 0502217
Imperium Holdings LP
Listed by Imperium Holdings LP
Unpriced
1806 days on market
Updated 91 days ago

Morrill Crossing of Argyle

Details
APN R156952, R156953, R296825
Property Type Land
Sub Type Commercial, retail
Lot Size (SqFt) 62,394
Zoning CR (Community Retail)

HARD CORNER: Interstate 35W at FM 407 in growth corridor of north Texas and monopoly location

Marketing description

  • 2 parcels - min 1.432ac (62,394sf) up to 2.259ac (97,394sf)

  • Massive INTERSTATE and FM ROAD frontage with access to BOTH frontage roads.

  • Ground lease, build to suit, or lease of multi-tenant retail building (will consider sale)

  • Currently Ag Exempt - under ag lease with low/no cost maintenance to owner

  • Dry utilities on site / sewer & water to east within close proximity

  • Community Retail CR zoning (retail, restaurant, convenience store with fuel allowed by SUP, medical)

City zoning district ordinance: https://library.municode.com/tx/argyle/codes/development_standards?nodeId=ARTIIIZO_PT3ZODI_S14.3.44OMREDI

Morrill Crossing is a prime commercial hard corner site at the busiest intersection in the Town of Argyle. According to Zip Atlas, Argyle was ranked fifth among all Texas cities for highest income in 2014. Only four major thoroughfares exist within the Town. These include Robson-Crawford; US 377; FM 407; and Interstate 35W. This leaves only four major intersections within the community. Additionally, there are only four major exits along Interstate 35W between State Highway 114 in Ft. Worth and the Interstate 35 west and 35 east convergences in Denton. These include FM 1171; FM 407; Robson-Crawford; and FM 2499. However, the absence of service roads along this 14-mile section of highway prevents access, with the exception of one site: Morrill Crossing, located at the northeast hard corner of Interstate 35W and FM 407. It is the ONLY property along this section of highway with a frontage road and permitted access.

This site is 15 minutes south of Denton’s CBD; eight minutes north of Tarrant County’s major employment hub that consists of Texas Motor Speedway, Alliance Airport, and BNSF Intermodal Rail Terminal; and 27 minutes north of Ft. Worth’s CBD. Morrill Crossing is surrounded by new, high density residential developments and is centrally located in a region due to experience the highest rate of growth in Denton County over the next 20 years. Within five miles of Morrill Crossing, there are approximately 35,000 homes that are planned or under construction. Morrill Crossing’s trade area extends three miles south; two miles west, half the distance to Justin; four miles north; and three miles east, half the distance to Lantana. Morrill Crossing is zoned community retail and offers unobstructed visibility to over 50,000 vehicles that pass by this property daily.

This site is ideal for fuel services, drug stores, banks, and fast food operations. Multi-tenant retail space is also available for prelease with construction to commence soon. Upon closing, the seller will deliver both sewer and water to the property line with adequate capacity. For more information, contact Stephen Schattner. 972.385.1907 ext 301

Interactive zoning map

https://cityofargyleargy.maps.arcgis.com/apps/instant/basic/index.html?appid=b664ba6f55db45d5a1a093d23bce0748

Ordinance: Building Regulations

https://library.municode.com/tx/argyle/codes/development_standards?nodeId=ARTIIIZO_PT3ZODI_S14.3.44OMREDI

Ordinance: Land Uses Allowed

https://library.municode.com/tx/argyle/codes/development_standards?nodeId=ARTIIIZO_PT4USRE

Investment highlights

  • Interstate frontage / FM road frontage

  • No highway access to other properties along I-35W for 14 miles

  • High barrier to entry

  • Huge traffic

  • Massive commercial demand

  • Limited/no commercial competition

  • Level site - pad ready

  • All utilities on or immediately near site

  • Community Retail (CR) zoning allows for most retail uses (restaurant, retail, salon, medical, fuel (with SUP), entertainment, auto, daycare, etc)

  • Ag exempt / under $5.00 in annual property tax

  • HOTTEST MARKET in the US, in the middle of a 36-square mile growth explosion

  • Nearly 70,000 new homes being added in area, already underway. These include:

  1. Furst Ranch: 8,400 units

  2. Canyon Falls: 1,800 units

  3. Harvest: 3,500 units

  4. Pecan Square: 2,900 units

  5. Hunter's Ranch: 10,000 units

  6. Cole Ranch: 12,000 units

  7. Robson Ranch: 7,200 units

  8. County Lakes: 1,700 units

  9. The Ridge 1,000 units

  • This site is immediately east of Chase, Chick-Fil-A, McDonalds and west of Taco Bell

  • Tom Thumb (major grocer) due to open on the NWC 2026

Listing Contacts

SS
TX TX 0502217
Imperium Holdings LP
Listed by Imperium Holdings LP

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Additional Information

Name
Stephen Schattner
License
TX 0502217
Brokerage
Imperium Brokerage Services, LLC
Brokerage Phone
9723851907
Brokerage Address
5851 Legacy Circle
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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