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5551 Fm 982 Princeton, TX $ 2,495,000
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5551 Fm 982
$ 2,495,000
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5551 Fm 982

Princeton, TX, 75407
$ 2,495,000
Baths0.0

Monthly Estimate*

$ 15,362

5551 Fm 982, Princeton, TX 75407 - Image 1
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Studio

Lots and Land for sale in Princeton, TX

for $2,495,000. This property was built in 1965 on a lot size of 3.04.

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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Lots and Land Active

Price

$ 2,495,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 12,046

Style

Unimproved Land

Lot Size

3.04

Year Built

1965

Town/City

Princeton

County/Region

Collin

MLS | Web ID

21271034
Features
General
Development Status Unzoned
Utilities All Weather Road Asphalt Co-op Water Electricity Available Outside City Limits Overhead Utilities Sewer Available
Possession Negotiable
current use Vacant
Restrictions No Known Restriction(s)
School District Princeton ISD
Year Built 1965
Property Subtype Unimproved Land
Subdivision Name SD Terry Surv Abs #890
County Collin
Property Type Land
HOA Type None
Special Notes Aerial Photo
Status Active
Directions Located on the Peninsula in Princeton. From 380 take FM-982 (2nd St) south to the peninsula. Property is on the SE corner of FM-982 and CR-1099 on the left past the Dollar Tree. GPS will get you ther
City Princeton
Elementary School Name James
High School Lovelady
Elementary School James
Standard Status Active
Listing Terms 1031 Exchange Cash Conventional Lease Option Owner Will Carry
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Exterior
Waterfront 0
Lot Features Acreage Corner Lot
Lot Size Source Assessor
Lot Size 3 to < 5 Acres
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Internal Only
Street Number 1 5551
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* Excluded Features
List By
David Gloria

Listing Agent

Ebby Halliday, Realtors

Broker

Affordability Calculator

$16,366
Per Month
94%
6%
0%
Monthly Principal & Interest
$15,362
Monthly Property Taxes
$1,004
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4826021 Elementary School
3676441 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
5/18/2026 $2,495,000 Listed Price

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5551 Fm 982, Princeton, TX, 75407 is a Lots and Land for sale at $2,495,000 with a lot size of 3.04. 5551 Fm 982 is a studio with 0.0 baths and was built in 1965. The property's zip code is 75407 which is in Princeton, TX

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