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This extensive property package offers a compelling investment opportunity, featuring four parcels totaling 25 acres, each brimming with potential. Zoned SF-1 for one-acre lots, the land comprises seventeen (17) one-acre lots and two (2) 2+ acre lots, complete with city entitlements and approved site plans, positioning it as a premier investment opportunity. With its level topography and remarkable visibility, boasting approximately 600 feet of frontage along Parker Road, and supplemented by existing water and electrical services, the property provides an ideal canvas for development endeavors. In Lucas, where the median home price stands at $1.1 million as of April 2024, and properties are listed up to $5.3 million, the residential market flourishes, offering ample room for exploration. Delve deeper into this exceptional property through our video available on Crexi and LoopNet.PROPERTY FEATURES
Utilities : City Water,Electricity Available,Septic,Well
Easements : Electric
Lot Features : Acreage,Lrg. Backyard Grass,Pasture
Road Surface Type : Concrete
Road Frontage Type : City Street,Curbs/Gutters,Easement
Current Use : Agricultural,Pasture,Residential,Unimproved
Possible Use : Development,Residential,Single Family
Zoning Description : Residential
Title Company Preferred: Lawyers Title - Allen
PROPERTY DETAILS
Street Address: 7237 E Parker
City: Lucas
State: Texas
Postal Code: 75002
County: Collin
MLS Number: 20575949
Courtesy of Keller Williams Central
City: Lucas
State: Texas
Postal Code: 75002
County: Collin
MLS Number: 20575949
Courtesy of Keller Williams Central
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