7237 E Parker, Lucas, Texas 75002

$6,375,000
List Price
$6,375,000
MLS#
20575949
Status
ACTIVE
Type
Land
County
Collin
City
Lucas
Development
Zoned

Property Description

This expansive property package comprises four parcels totaling 25 acres, each brimming with potential. Zoned SF-1 for one-acre lots, it boasts city entitlements and approved site plans, establishing it as a premier investment opportunity. Its level topography and remarkable visibility, featuring approximately 600 feet of frontage along Parker Road, along with existing water and electrical services, make it an ideal canvas for development endeavors. In Lucas, where the median home price stands at $1.1 million as of April 2024 and properties are listed up to $5.3 million, the residential market flourishes, offering ample room for exploration. Dive deeper into this exceptional property through our video available on Crexi and LoopNet.

Additional Information

HOA
No HOA
Lot Size
1,093,791
Acres
25.11
Lot Description
Acreage, Lrg. Backyard Grass, Pasture
Soil
Unknown
Subdivided
No
Street Utilities
City Water, Electricity Available, Septic, Well
Road Frontage Desc
City Street, Curbs/Gutters, Easement
School District
Plano Isd
Elementary School
Hunt
Middle School
Murphy
High School
Mcmillen
Possession
Closing/Funding, Negotiable
Present Use
Agricultural, Pasture, Residential, Unimproved
Proposed Use
Development, Residential, Single Family
Zoning
Residential
Possession
Closing/Funding, Negotiable
Restrictions
No Divide
Easements
Electric

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Alex Acuna from Keller Williams Central. Contact: 469-467-7755