00 State Highway 198, Gun Barrel City, TX 75156

Property Description

VREA has been exclusively retained by Ownership to offer the opportunity to purchase 53 single family platted lots and 102.12 acres of raw land. Please note, Ownership's preference is to sell the 53 single family platted lots and the 102.12 adjacent acres together but may consider selling separately. The 53 platted lots are located in the existing Phase 1 of the Cottages at Cedar Creek subdivision, which consists of primarily 65’ x 100’ lot sizes. Ownership has already built 9 homes and will be retaining 6 finished lots. Of the 9 homes that have been built, Ownership has sold 6 with 3 homes currently listed for sale (up to $399K). The 102.12 acres is located within the city limits but currently zoned Vacant allowing for a variety of future uses; a concept plan has already been contemplated for this acreage and shows 274 additional lots. The lots are well located less than a quarter mile south of Main Street with additional access and frontage along State Highway 198 (Gun Barrel Lane). This represents a rare opportunity to acquire raw land in a prime location at an exceptional price.