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5551 Fm 982

Princeton, TX 75407
  • $2,495,000
  • STATUS: Active
  • ON SITE: 145 Days
  • MLS #: 21271034
UPDATED: 79 min ago
$2,495,000
  • 0
    BEDS
  • 3.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
Built:
1965
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by David Gloria of Ebby Halliday, Realtors: 214-509-0808.

Description

Tremendous development opportunity or 1031 candidate. This 3 acre hard corner is right in the middle of the growth in the area. Ideal location for a retail development. This area is in great need of retail from coffee shops to clothing. 3 acres is the right size for a shopping center. However, there are no known restrictions on the property, so it could be developed into anything as it is in the county. If you need sewer, then you would need to annex into the city. Sewer is all around this property. The old structures on the property have been removed, so now it's just land. Seller financing is available.

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© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Summit Cove Realty, Inc.. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Summit Cove Realty, Inc. are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-10-11T15:43:59.4.
www.summitcoverealty.com/homes/176621763
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5551 Fm 982 Princeton, TX 75407

  • Price: $2,495,000
  • Status: Active
  • On Site: 145 Days
  • Updated: 79 min ago
  • MLS #: 21271034
0
Beds
0
Baths
0
½ Baths
3.04
Acres
1965
Built
Neighborhood:
Sd Terry Surv Abs #890
County:
Collin
Area:
Princeton
Elementary School:
James
High School:
Lovelady
School District:
PRINCETON ISD
Property Description
Tremendous development opportunity or 1031 candidate. This 3 acre hard corner is right in the middle of the growth in the area. Ideal location for a retail development. This area is in great need of retail from coffee shops to clothing. 3 acres is the right size for a shopping center. However, there are no known restrictions on the property, so it could be developed into anything as it is in the county. If you need sewer, then you would need to annex into the city. Sewer is all around this property. The old structures on the property have been removed, so now it's just land. Seller financing is available.
Exterior Features

Frontage Feet 753 Lot Description AcreageCorner Lot Lot Size Source Assessor Road Frontage Type County RoadFM Road Road Surface Type Asphalt Waterfront YN No

Property Features

AGExemption No Barns1 0 Current Use Vacant Development Unzoned Easements Water Lines HOA None Intermediate School Name Huddleston Listing Terms 1031 ExchangeCashConventionalLease OptionOwner Will Carry Municipal Utility District Yes Possession Negotiable Property Type Unimproved Land Restrictions No Known Restriction(s) Senior High School Name Princeton Special Notes Aerial Photo Unexempt Taxes 12046 Utilities All Weather RoadAsphaltCo-op WaterElectricity AvailableOutside City LimitsOverhead UtilitiesSewer Available Will Subdivide Yes Zoning Unzoned. In the county

North Texas Real Estate Information Systems MLS logo Listing information © 2026 North Texas Real Estate Information System.


© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Summit Cove Realty, Inc.. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Summit Cove Realty, Inc. are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-10-11T15:43:59.4.
 
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Summit Cove Realty, Inc.
216 Oakmont Dr
Trophy Club TX, 76262
Offered by David Gloria of Ebby Halliday, Realtors: 214-509-0808.