8903 Wesley St, Greenville, TX 75402

$7,500,000

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List Price
$7,500,000
MLS#
21133369
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Construction Status
Proposed
Acres
42.60
County
Hunt
City
Greenville
Subdivision
Joel Odell Survey

Property Description

This 42.601 acre tract presents a prime development opportunity inside the Greenville city limits with scale, visibility, & flexibility that is increasingly rare in fast-growing North TX markets. With 1,178 feet of frontage, utilities available including water, sewer, & electric, & the ability to subdivide, this property is well positioned for a mixed-use concept that could include commercial, multi-family, single-family, or a thoughtfully planned combination. The land has already been excavated, offering a head start for development, & currently benefits from a Commercial AG exemption. Location is a major differentiator. The property sits less than one mile from I-30 at Wesley Street, approximately 2.5 miles from FM 1570 & within 3 miles of major employers such as L3 Harris & Innovation First. TxDOT plans to widen Highway 34 & current traffic counts range between 23,000 & 25,000 vehicles per day, adding long-term visibility & accessibility upside. Greenville is experiencing strong, measurable growth. Since 2020, the city has seen a population increase of over 15 percent, outpacing national growth rates, driven by affordability, business expansion, & regional migration from the Dallas metro. Within a two mile radius, approved plats & active developments account for more than 2,500 new homes, creating immediate demand for retail services, housing options, & supporting commercial uses. Surrounding commercial activity continues to expand, reinforcing this corridor as a focal point for future growth. The site is well suited for a mixed-use or age-qualified residential concept paired with nearby retail & services, with zoning flexibility allowing multiple development paths. For developers & investors seeking frontage, infrastructure, proven growth indicators, & entry into one of North Texas’s accelerating secondary markets, this property offers scale, timing, & optionality at an attractive price basis, representing one of the best opportunities on the market today.

Additional Information

Unexempt Taxes
$380
Lot Size
1,855,699
Acres
42.60
Lot Description
Cleared
Possession
CloseOfEscrow
Proposed Use
Other
Inclusions
Land Only

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Calculator source: Real Geeks

Listing courtesy of Amanda Rupley from Compass RE Texas, LLC. Contact: 214-548-9186

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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