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0 I-20 Highway, Terrell, TX 75160
$925,000
0 I-20 Highway, Terrell, TX 75160View this property at 0 I-20 Highway, Terrell, TX 75160
0 I-20 HighwayTerrellTX75160
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Property Description
5.3-acre lot just off Hwy I-20 E in the city of Terrell. The property is located in Tax Increment Reinvestment Zone No.1 opening up the opportunity for tax incentives for developers. Positioned to maximize visibility and accessibility for businesses with TXDot's planned connection of a frontage road in front of the lot. Current zoned agricultural for tax purposes, this parcel holds promise with its future use designation as a Traditional Neighborhood. City has confirmed that this property falls within the commercial corridor, making it eligible for commercial zoning, opening up possibilities for commercial ventures. Lot is close Terrell Crossroads and outlet shopping center. This prime location presents a rare chance to capitalize on Terrell's growth trajectory, offering a strategic position within the commercial corridor and opportunities for investment and development. Whether envisioning a commercial enterprise, residential project, or a blend of both in a rapidly evolving area.
Full Property Details
Full Property Details for 0 I-20 Hwy
General
- Price: $925,000
- Taxes: $4,312
- Status: Active
- Type: Commercial Investment
- MLS ID: 20609019
- Updated: 5/10/2024
- Added to Site: 18 day(s) ago
Business
- Business Type: Other
Location
- County: Kaufman
- Subdivision: JNO C HALE
- Driving Directions: Property does not have physical address yet, Map to 320 FM 2578 Terrell TX, subject property is SE of Kingdom Hall on road that splits off to the right when heading SE on 2578
Structural Information
- Detached/Attached: Detached
- Sq. Ft. Source: See Remarks
Lot Features
- Lot Size (Acres): 5.3
- Lot Size (Sq. Ft.): 230,868
- Lot Size Source: Public Records
- Lot Dimensions: 485 x 580 x 463 x 491
- Lot Features: Acreage, Many Trees, Wooded
- Trees/Vegetation: Wooded
- Zoning: Currently Agricultural for TAX purposes. Future land use is New Traditional Neighborhood, but per City of Terrell Can be easily converted to commercial use due to being in commercial corridor.
Financial Considerations
- Tax Amount: $4,312
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Standard
- Legal Description: JNO C HALE, TRACT 385.00; 5.3 ACRES
- Inclusions: Land Only
- Property ID: 7619
Listed by CENTURY 21 Judge Fite Co., Danielle Watkins
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Schools
Schools serving 0 I-20 Hwy
Rating | Name | Grades | Distance |
---|---|---|---|
1400 S Rockwall Ave, Terrell, TX 75160 | K-5 | 0.9 mi | |
W. H. Burnett Elementary School
921 S Rockwall Ave, Terrell, TX 75160 | PK-PK | 1.4 mi | |
121 Poetry Rd, Terrell, TX 75160 | K-5 | 3.3 mi | |
1351 Colquitt Rd, Terrell, TX 75160 | 6-8 | 2.5 mi | |
1050 Windmill Farms Blvd, Forney, TX 75126 | 7-8 | 7.2 mi | |
3701 S Houston St, Kaufman, TX 75142 | 7-8 | 10.1 mi | |
305 W College St, Terrell, TX 75160 | 10-12 | 2.2 mi | |
701 Town North Dr, Terrell, TX 75160 | 9-12 | 3.7 mi | |
6170 Falcon Way, Forney, TX 75126 | 9-12 | 7.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 0 I-20 Hwy
Date
Details
Price
Change
Source
5/06/2024
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 0 I-20 Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2022
-100%
$783,719
-50%
2022
$87
-48%
$1,558,830
—
2021
$166
1%
$1,558,830
100%
2020
$164
—
$779,420
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0 I-20 Hwy
0 I-20 Highway, Terrell, TX 75160 (MLS# 20609019) is a Commercial Investment property. 0 I-20 Highway is currently listed for $925,000 and was received on May 06, 2024. Want to learn more about 0 I-20 Highway? Do you have questions about finding other Commercial Investment real estate for sale in Terrell? You can browse all Terrell real estate or contact a Coldwell Banker agent to request more information.