678 County Road 1235, Savoy, TX 75479 - MLS#21013110 - John Mays

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John Mays

john@john-mays.com +1(817) 681-2167

$2,300,000

Est. payment - /mo

64.58 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Charles Cantrel

MLS Listing ID 21013110

HOA Y/N None

Year Built 1989

Annual Tax Amount $4,495

Lot Size 64.575 Acres

Acres 64.575

Property Sub-Type Unimproved Land

Property Description

RV Park, Flex Office or Manufactured Home opportunity with no zoning restrictions! The tract is a distinctive land opportunity located at the northeast corner of FM 1235 and Hwy 82 in Savoy, Texas. This property spans roughly 64.575 acres, showcasing 770 feet of frontage on Hwy 82, and includes a residence currently under a leasing agreement. Thanks to an agricultural exemption, Savoy 82 enjoys a reduction in tax liability, making it an even more attractive investment. Situated just 59 miles north of Dallas, the site is within a 45-minute drive of a workforce exceeding 550,000, offering substantial accessibility and potential for various development projects and investment potential. Given its position outside city limits, the property comes with few use restrictions, presenting a versatile opportunity. The proximity to Bonham, just 8 miles east, with a population of 27,000 and the recently opened Bois d'Arc Lake, hints at a vibrant area on the cusp of growth, expected to generate around 2,400 new jobs. Furthermore, being 11 miles from Sherman, a city with a population of 45,000 and undergoing massive expansions such as the Texas Instruments Chip Manufacturing Facility and Globitech's $5 billion expansion, indicates a region brimming with economic activity and potential. These developments are anticipated to create thousands of jobs, reinforcing the area's economic base. Additionally, the recent announcements from Hard Rock Hotel and Margaritaville Resorts about establishing locations on Lake Texoma, merely 35 miles north, suggest an increase in tourism and leisure opportunities, further enhancing the property's appeal. Savoy 82 is not just a piece of land; it's a gateway to a myriad of development possibilities, fueled by the surrounding economic expansions and the increasing appeal of the region.

Location

State TX

County Fannin

Zoning Savoy ETJ - No zoning restrictions

Direction Head East on Highway 82 from Sherman, Property will be 5 miles past Highway 69 on your left.

Exterior

Utilities Available Aerobic Septic, Co-op Water, Electricity Available

Garage No

Building

Lot Description Acreage, Agricultural

Schools

Elementary Schools Savoy

Middle Schools Savoy

High Schools Savoy

School District Savoy Isd

Others

Restrictions No Known Restriction(s)

Ownership See Appraisal District

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21013110

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Joshua Bryan • Fairview Development Inc.

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John Mays

+1(817) 681-2167

Agent | License ID: 0691996

Agent License ID: 0691996

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678 County Road 1235 Savoy, TX 75479

John Mays

Key Details

Location

Exterior

Building

Schools

Others

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