Homes for sale - TBD W HWY 82 Highway, Bonham, TX 75418

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Prospect Real Estate Team

info@prospectrealestate.com +1(512) 640-1881

$ 1,090,000

Est. payment -/mo

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TBD W HWY 82 Highway Bonham, TX 75418

15.55 Acres Lot

UPDATED:

12/16/2024 12:10 AM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Bonham 82 Commercial

MLS Listing ID 20797824

HOA Y/N None

Annual Tax Amount $79

Lot Size 15.550 Acres

Acres 15.55

Property Description

This prime 15 acre property offers excellent investment potential and is perfectly positioned for both residential and commercial development. Located with direct frontage on HWY 82, the property is just 1.5 miles from HWY 121. An ideal investment hold opportunity, the land currently benefits from an agricultural exemption through hay production, significantly reducing tax costs while you plan future development. The property features a pond and a partial 5-strand barbed wire fence along the perimeter. Situated just 5 miles from downtown Bonham, this location is close to retail stores, restaurants, and essential services, with a short drive to Bois D'Arc Lake for recreational activities. The land is also conveniently located to Sherman and Denison. Additionally, it is just 4 miles from Legacy Ridge Country Club and directly across from North Texas Safari Park, offering a unique opportunity to capitalize on the area's growth. Utilities such as electric, water, and sewer are available on Silo Rd, just to the south of the property. Don't miss the opportunity to secure this versatile property with exceptional long-term value potential!

Location

State TX

County Fannin

Zoning RURAL NON QUALIFIED AG LAND

Direction From HWY 121 in Bonham, take HWY 82 West for 1.3 miles, property is on left. Coming from Sherman, take HWY 82 East. Property is on right.

Exterior

Utilities Available Other

Garage No

Building

Lot Description Acreage, Agricultural, Cleared, Few Trees, Level, Pasture, Undivided

Schools

Elementary Schools Evans

High Schools Bonham

School District Bonham Isd

Others

Restrictions Unknown Encumbrance(s),Other

Ownership Hale

Acceptable Financing 1031 Exchange, Cash, Conventional, Texas Vet

Listing Terms 1031 Exchange, Cash, Conventional, Texas Vet

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

Listed by Corey Baumann • Whitetail Properties Real Estate