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0000 Fm 982 Princeton, TX $ 2,295,000
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0000 Fm 982
$ 2,295,000
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0000 Fm 982

Princeton, TX, 75407
$ 2,295,000
Bedrooms-- Baths--

Monthly Estimate*

$ 14,491

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Commercial Property for sale in Princeton, TX

for $2,295,000. This building was built in 1960 on a lot size of 7.66.

Magnificent incredible property that backs up to the Corps of Engineers land overlooking Lake Lavon. ±7.66 acres with a main house that is very nicely finished out. Property is currently used as residential but has tremendous commercial or development potential. The property is in the county and removed from the ETJ, however if a developer decides to bring in sewer from one of the nearby developments, then it would need to annex into the city. This is the last property on the right when leaving the peninsula. It would be ideal for a retail center or a mixed use type development. Perhaps homes, townhomes or apartments overlooking the lake in back. It is truly a unique offering and rare opportunity. Just minutes to major shopping in Allen and McKinney. About 20 minutes to Hwy 75 or about 10 minutes to 380 in Princeton. Walmart is about 10 minutes away in Lucas. Buyer to verify all information.

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Commercial Active

Price

$ 2,295,000

Property Type

Commercial

Taxes

$ 3,834

Style

Unimproved Land

Lot Size

7.66

Year Built

1960

Town/City

Princeton

County/Region

Collin

MLS | Web ID

21365280
Features
General
Heating Propane
Cooling Central Air
Utilities Aerobic Septic Asphalt Co-op Water Electricity Connected Individual Water Meter Outside City Limits Phone Available Propane Septic Sewer Available Unincorporated
Possession Negotiable
Exclusions All personal property
Year Built 1960
Business Type Agriculture Residential
Property Subtype Unimproved Land
Subdivision Name SD Terry Surv Abs #890
Occupant Type Owner
County Collin
Property Type Commercial Sale
Year Built Details Preowned
Special Notes Aerial Photo Verify Rollback Tax
Status Active
Directions From Hwy 380 in Princeton go south on FM-982 to the peninsula. It will be the first property on the left when entering the peninsula. Use GPS. It is just feet north of the FM-982 CR-444 intersection
City Princeton
Standard Status Active
Listing Terms 1031 Exchange Cash Conventional Owner Will Carry Other
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Exterior
Waterfront 1
Lot Features Acreage Adjacent to Greenbelt Agricultural Cleared Few Trees Irregular Lot Water/Lake View
Lot Size Source Assessor
WaterFront Features Lake Front – Corps of Engineers
Lot Size 5 to < 10 Acres
Building Area Total 2086.00
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Interior
Total Stories 1
Total Units 1
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Internal Only
Street Number 1 0
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* Excluded Features
List By
David Gloria

Listing Agent

Ebby Halliday, Realtors

Broker

Affordability Calculator

$14,810
Per Month
98%
2%
0%
Monthly Principal & Interest
$14,491
Monthly Property Taxes
$320
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
288163 Elementary School
288375 Middle School
Unknown High School High School
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Pricing History
Date Price Price Change Description
8/21/2026 $2,295,000 Listed Price

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0000 Fm 982, Princeton, TX, 75407 is a Commercial Property for sale at $2,295,000 with a lot size of 7.66. 0000 Fm 982 was built in 1960. The property's zip code is 75407 which is in Princeton, TX

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