13.14 Acres Lot
13.14 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Jm Crittenden Add
MLS Listing ID 20994558
Annual Tax Amount $30
Lot Size 13.141 Acres
Acres 13.141
Property Sub-Type Unimproved Land
Property Description
Key Investment Highlights
Strategic Location: Positioned at a major intersection with a 2023 TXDOT daily traffic count of 7,573 vehicles, up from 3,600 in 2014, ensuring maximum exposure for future businesses.
Opportunity Zone Benefits: Designated as a Qualified Opportunity Zone by the IRS, offering significant tax advantages for investors, including potential capital gains deferrals and reductions.
Proximity to Bois D'Arc Lake: Just minutes from the newly developed Bois D'Arc Lake, a regional draw for recreation and tourism, driving population growth and economic activity in the area.
Flexible Development Options: Owner may consider subdividing into smaller pad sites to accommodate a variety of commercial projects, from retail centers to restaurants.
High Visibility: Unobstructed frontage along major highways, making this an ideal spot for businesses targeting both local residents and travelers.
Why Bonham?
Bonham is experiencing rapid transformation fueled by its proximity to Bois D'Arc Lake and easy access to Sherman, McKinney, and the Dallas-Fort Worth metroplex. With a growing population and a vibrant downtown featuring local shops, dining, and historic charm, Bonham is poised for continued economic expansion.
Zoning: Planned Development (City of Bonham)
Utilities: Access to city water, sewer, and high-speed internet
Development Potential: Perfect for retail, dining, office space, or mixed-use projects
Property currently has an agricultural exemption.
Location
State TX
County Fannin
Zoning Planned Development
Direction From Sherman head East on US 82. Property is on the north side of US 82 in Bonham between US 121 and US 78. It is the first vacant property headed west on the US 82 access road just past the US 78 and US 82 intersection
Exterior
Utilities Available Asphalt, Electricity Available, Natural Gas Available, Phone Available
Garage No
Building
Lot Description Acreage, Cleared, Level
Structure Type See Remarks
Others
Ownership Of record
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Aerial Photo, Verify Rollback Tax, Verify Tax Exemptions
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20994558
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