511 Cook StJosephine, TX 75189

This exceptional 5-acre property, located at 511 E Cook Street in Josephine, Texas, presents a unique investment opportunity. Currently improved with a 2,507 square foot custom home, the property offers significant flexibility for redevelopment. Its zoning allows for either commercial office space conversion of the existing structure or development as a residential subdivision. The strategic location in rapidly growing eastern Collin County, near Rockwall, Royce City, and Greenville, ensures high demand and potential for significant return. The property boasts excellent road frontage on both E Cook Street and Caddo Street, providing convenient access and visibility. Existing infrastructure includes a 6-inch water line on E Cook Street, and nearby 8-inch and 10-inch wastewater lines are readily accessible, simplifying the development process. Surrounded by several new residential subdivisions, this property is ideally positioned to capitalize on the area's booming growth. The existing home provides immediate income potential while development plans are finalized, offering a versatile and attractive investment prospect. The combination of existing improvements, flexible zoning, and prime location makes this a truly exceptional opportunity for discerning investors seeking substantial returns in a thriving market. The 2,507 square foot building offers ample space for immediate use or future renovation.