USATXSavoyCharles Cantrel000 County Road 1235

Aerial view of property and surrounding area featuring a nearby body of water and property boundaries highlighted | Image 1

$2,300,000

000 County Road 1235, Savoy, TX

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Unimproved Land

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $4,495

Days Active 6

Approx. Age 1989

MLS® Number 21013131

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.Show Description

MLS® Number21013131

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1989

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Land & Improvements

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