$499,000
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25.95 Acres Lot
SOLD DATE : 04/19/2024
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision J Whittenberg A1165
MLS Listing ID 20523751
Sold Date 04/19/24
HOA Y/N None
Annual Tax Amount $54
Lot Size 25.949 Acres
Acres 25.949
Property Description
BUY and HOLD or DEVELOP now. Excellent 25.949 acre tract located on the west side of quickly growing Bonham on FM 87 has potential for use as a commercial, warehouse or residential and agricultural or a great buy and hold opportunity. New 8 inch waterline across the frontage. Approximately 1300 feet of road frontage on paved FM 87 with two existing entry points. Property is located one-half mile south of US HWY 82, 1.6 miles north of State HWY 56 and 2.3 miles west of State HWY 121 outside of Bonham’s city limits but within its ETJ. Businesses already located on FM 87 include Fannin Electric Cooperative’s new multi-million dollar headquarters on abutting property to the north as well as a paint facility just to the northeast, a transfer facility and a fertilizer production facility. Property currently has an agricultural tax exemption.
Location
State TX
County Fannin
Zoning Outside Bonham City Limits; inside Bonham's ETJ
Direction Property is located on the west side of FM 87 one-half mile south of US HWY 82 or 1.6 miles north of State HWY 56.
Exterior
Utilities Available All Weather Road, Asphalt, Co-op Electric, Co-op Water, Electricity Available, Rural Water District
Garage No
Building
Lot Description Acreage, Many Trees, Varied
Schools
Elementary Schools Ector
Middle Schools Ector
High Schools Ector
School District Ector Isd
Others
Restrictions No Known Restriction(s)
Ownership Weaver
Acceptable Financing 1031 Exchange, Cash, Conventional, Federal Land Bank
Listing Terms 1031 Exchange, Cash, Conventional, Federal Land Bank
Financing Seller Financing
Special Listing Condition Aerial Photo, Survey Available
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Bought with Rex Qiu • Aoxiang US Realty
13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States