68 Acres Lot
68 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision A0002A J. Ayers Survey
MLS Listing ID 21274385
HOA Y/N None
Lot Size 68.000 Acres
Acres 68.0
Property Sub-Type Improved Land
Property Description
35-year operating legacy: Continuous heavy outdoor storage use on this exact site with no city zoning or use restriction by ordinance. Ownership commissioned a Phase I Environmental Site Assessment; follow-up soil work is scoped and priced.
PRICING AND DIVISIBILITY PORTIONS FROM $3,069,000
40.92 AC Expansion Investment Tract: $3,069,000 at $75,000 per AC
27.4 AC Improved Yard: $4,384,000 at $160,000 per AC
68.32 AC Entire Site: $6,732,000 at $98,536 per AC, $721,000 savings vs sum of parts
Seller financing available.
Proven uses and demand: Auto dismantling and recycling with 35 years of continuous operation. Fort Worth precedent for phased truck parking; Southeastern Freight Lines committed $30M to a Denton terminal. Adjacent owner pursued concrete batching and was near an LOI. Two on-site wells support water-intensive uses.
INFRASTRUCTURE INVESTMENT
TxDOT I-35 North Improvement Project: $187M allocated to widen I-35 from 4 to 6 lanes plus continuous frontage roads directly fronting the property. Part of a $1.25B plus Denton County corridor reconstruction program enhancing long-term truck access and capacity. Approximately 900 feet of IH-35E service road frontage with multiple access points.
Several uses can produce income from day one, including yard leasing, fleet and truck parking, dismantling, or batching, because the hardstand, utilities, and operating history are already in place. An investor can underwrite the current use rather than a four-year entitlement outcome and phase the 27.4-acre yard and 40.92-acre balance separately.
Location
State TX
County Denton
Zoning No City Zoning Outside City Limits Denton County ETJ Maximum Use Flexibility
Direction Travel north on IH-35E toward Sanger. Take Exit 474 at Cowling Road and use the roundabout to access the westbound service road. Turn right onto Memory Lane and the property will be on the left.
Exterior
Utilities Available Septic, Well
Lot Frontage 900.0
Garage No
Building
Lot Description Acreage
Schools
Elementary Schools Butterfield
Middle Schools Sanger
High Schools Sanger
School District Sanger Isd
Others
Restrictions Easement(s),None
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21274385
Nearby Locations
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