Amazing opportunity to own a multi-family zoned spacious lot in the heart of Bonham, TX. This nearly 1-acre lot would be an excellent location to build an apartment complex, a series of duplexes, or even multiple cash-flowing quadplex buildings. The seller currently has approval from the City of Bonham for a 6-duplex development.
This property offers electric, water, and sewer on the street adjacent to the lot. The property is not located in a flood zone and is within walking distance of two schools in the area.
The lot could potentially accommodate approximately 15 apartment units, 12 quadplex units, 12 duplex units, or a collection of build-to-rent single-family homes. With the ongoing growth and infrastructure expansion from Collin County into Fannin County, this property is well positioned for future development and investment.
Property Details
- Lot Features
- Cleared, City Lot
- Lot Description
- Cleared, City Lot
- Acres
- 0.0
- Lot Size (sqft)
- 0.95
- Property Type
- Purchase
- Property Subtype Additional
- Improved Land
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Available, Sewer Available, Water Available
- Subdivision
- NA
- School District
- Bonham ISD
- Elementary School
- Finleyoate
- High School
- Bonham
- County
- Fannin
- Region
- Bonham
- Days on Market (Cumulative)
- 187
- MLS #
- 21204740
- Property Subtype
- ImprovedLand
- Parcel Number
- R000092491
- MLS #
- 21204740
- Address
- 1500 Albert Broadfoot Street
Location
Legal
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Provided By
Listed by Jim Glynn (#0540156)
Listing Office: JG Real Estate, LLC (#JGRES01)
