I-35 Development Opportunity

I-35 and HCR 4282

$1,557,472

Property Details

  • Price:$1,557,472
  • County:Hill
  • Status:Available
  • Type:Commercial Property, Farms, Recreational Property
  • Address:I-35 and HCR 4282
  • City:Hillsboro
  • State:Texas
  • Zip:76645
  • Acres:207.00

Property Description

Opportunity to invest in income-producing development land that is appreciating in value daily. 207 acres in 2 tracts: 136 acres on northbound I-35 and 71 acres on southbound I-35. Approximately 80 acres inside city limits, remaining acreage is outside city limits. Over 7000 ft of I-35 frontage and 1200 ft of I-35 access road frontage. Over 2400 ft of county road frontage.

The property lends itself to numerous types of development. Infrastructure includes 6" water line extension (engineered) with additional taps, fire hydrants and road bores in place. 1100 ft of all season road in place and ready for additional development. Application pending with TXDOT for up to 2 curb cuts on southbound side.

Property is currently generating lease income from 80 acres of cultivated ground and 5 billboards along I-35, as well as a ground lease for an Air Evac EMS facility.

This property is exclusively listed by Tim McGinty of Clayton-Waggoner Properties, LLC. Any and all information contained herein has been obtained from sources deemed reliable by Listing Broker. Listing Broker does not warranty or guaranty the accuracy of the information.

Buyers broker/agent must be identified on first contact and must accompany prospective buyer on first showing to be allowed full fee participation. If this condition is not met, the fee participation will be at the sole discretion of the Listing Broker. Prospects may be required to provide proof of funds prior to scheduling a showing.