For Sale
$5,999,000

7237 Parker RdAllen, TX 75002

25 Acres, Residential Zoning, City Entitlements

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional 25-acre commercial land parcel in Allen, Texas, presents a compelling investment opportunity. Located at 7237 E Parker Rd, Collin County, zip code 75002, this property boasts significant frontage on Parker Road (approximately 600 feet), offering unparalleled visibility. The land is zoned Residential (SF-1) and includes seventeen one-acre lots and two lots exceeding two acres each. City entitlements and approved site plans are in place, streamlining the development process. Existing water and electrical services are readily available. The property features level topography, making it ideal for various development projects. Given the thriving residential market in Lucas, Texas, with median home prices reaching $1.1 million (April 2024) and listings exceeding $5.3 million, this land offers substantial potential for significant returns. The APN is 361682. The asking price is $5,999,000.

Highlights

  • $5,999,000 asking price.
  • 25-acre commercial land parcel.
  • Located at 7237 E Parker Rd, Allen, TX 75002 (Collin County).
  • SF-1 zoning, permitting one-acre lots.
  • Includes 17 one-acre lots and 2 two-plus acre lots, with city entitlements and approved site plans.

Property Details for 7237 Parker Rd

Property type
Land
Lot Size (sq. ft)
1,089,000 SF

Location Insight

City
Allen
County
Collin
State
Texas
Latitude
33.05525617
Longitude
-96.59351832
7237 Parker Rd, Allen, Texas

FAQs

What type of property is this?
Land - 25 Acres, Residential Zoning, City Entitlements
Where is the land located?
The property is located at 7237 Parker Rd Allen, TX.
What is the asking price?
The asking price for this property is $5,999,000.
What are key features of this property?
This property features: $5,999,000 asking price.; 25-acre commercial land parcel.; Located at 7237 E Parker Rd, Allen, TX 75002 (Collin County).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7237 Parker Rd
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