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      TX, Salado 76571
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    Home / Leonard / Palamino Drive
    Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 Palamino Drive Leonard, TX 75452 View All Photos

    $490,000

    | Active

    Palamino Drive

    Leonard, TX 75452

    89
    Days on Market
    21304397
    MLS#
    Land
    Structure
    Residential
    Zone
    Contact

    Prime Residential Development Opportunity – Leonard, TX. Excellent investment and development opportunity featuring 9.55 total acres comprised of five separate parcel numbers. The property has received preliminary plat approval for an 11-lot subdivision, with proposed lot sizes ranging from approximately 0.165 acres to 3.68 acres. Much of the heavy lifting has already been completed. The seller has obtained preliminary plat approval from the city and has begun infrastructure improvements, including installation of new water and sewer lines to the front of each proposed lot and road upgrades. Completion of the remaining construction items and approval by the City Engineer will allow for final plat approval and the ability to sell the lots individually. Projected subdivision sellout value is great upon completion, creating an attractive opportunity for developers, builders, investors, or land bankers looking for a project that is well underway. Ideally located just off US Highway 69 and adjacent to a recently completed residential community, the property benefits from excellent access and strong residential growth in the area. Students are served by Leonard ISD, including a recently constructed elementary school. The seller is seeking an early exit to focus on other investment opportunities, creating a unique chance for a buyer to complete the project and capture the remaining upside. Property Highlights: 9.55 acres total, 5 separate parcel numbers, Preliminary plat approved for 11 lots, Lot sizes from approximately 0.165 to 3.68 acres, Water and sewer improvements underway, Road improvements in progress, Estimated sellout value is great, Adjacent to newer residential development, Convenient access to US-69, Leonard ISD schools, Significant entitlement and infrastructure work already completed. A rare opportunity to acquire a near-complete subdivision project in a growing North Texas market.

    Property Details
    Lot Features
    Acreage, Cul De Sac, Interior Lot, Subdivision, City Lot
    Lot Description
    Acreage, Cul De Sac, Interior Lot, Subdivision, City Lot
    Acres
    0.0
    Lot Size (sqft)
    9.55
    Property Type
    Purchase
    Property Subtype Additional
    Unimproved Land
    Sewer Information
    Public Sewer
    Utility Source
    Public
    Utility Features
    Sewer Available, Water Available
    Subdivision
    PALAMINO 1ST ADDITION
    School District
    Leonard ISD
    Elementary School
    Leonard
    Middle School
    Leonard
    High School
    Leonard
    County
    Fannin
    Region
    Leonard
    Days on Market (Cumulative)
    89
    MLS #
    21304397
    Property Subtype
    UnimprovedLand
    Parcel Number
    14318
    MLS #
    21304397
    Address
    Palamino Drive
    Location
    Legal

    © 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Dick Dallas Agency shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

    Provided By
    Listed by Terence Burnside (#0704196)
    Listing Office: BLVD Real Estate (#BVRE01)

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