Overview

Description

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained to offer builders and developers the opportunity to purchase 51.6+/- zoned acres along FM 121 in Van Alstyne, TX (the “Site”). The Site is zoned with a conditionally approved Planned Development pending finalization of a Development Agreement that is currently being negotiated by Seller which allows for 126 single-family lots and one acre of commercial. The single-family lots sizes include 75’, 65’, and 40’. The Site is prominently located less than a mile east of Downtown Van Alstyne and less than a mile and a half east from US-75 providing convenient access to the DFW Metroplex. This represents an excellent opportunity to purchase land with residential and commercial entitlements in a rapidly growing submarket of North Texas.

Highlights

• The Site is located less than a mile and a half east of US-75, which connects the Site to the DFW Metroplex and offers convenient access to multiple employment centers.
• Numerous national neighborhood retailers are less than a mile and a half from the Site including McDonald’s, Sonic, Subway, Dollar General, and more. The Site is adjacent to McKinney Wilson Park.
• K. Hovnanian is selling homes in their Lincoln Pointe subdivision across FM 121 from the Site with homes up to $624,900.
• According to the City of Van Alstyne’s future thoroughfare plan, Lincoln Park Road will be constructed along the western boundary of the Site.
• The Site is zoned in a Planned Development allowing for 126 single-family lots and 1 acre of Commercial.
• The residential mix in the Planned Development allows for 25 homes on 75’ lots, 67 homes on 65’ lots, and 34 homes on 40’ lots (Duet Homes).
• The one-acre commercial tract follows the City of Van Alstyne C-1 Commercial zoning which allows for child care centers, professional office, restaurants, and more.
• According to the 2022 US Census, the City of Van Alstyne has an estimated population of 6,139.
• According to Texas Realtors, the median home price in Van Alstyne was $351,995 as of January 2024.
• The City of Van Alstyne is projected to have a population of 30,000 by the year 2030.

Documents

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