L2 Investment Property - Denton County, Cross Roads, TX

The L2 Investment Property is a prime parcel located in the city limits of Cross Roads. This ranch has investment potential for future development while currently being used as a primary residence. The property is one of the few remaining rural tracts of land in this area south of Highway 380. It has access and frontage on Potter Shop Road with some utilities already in place.

Property Types

Location

The property is located in central Denton County inside the city limits of Cross Roads and 45 minutes from downtown Dallas. The ranch is slightly over 1/2 mile south of Hwy 380 with frontage and access from Potter Shop Road. This property is approximately 7.5 miles east of Denton and just east of Lake Lewisville. The most recent residential developments in the area are east of Naylor Road. 

 

Utilities

Denton County Electric services this area.

Improvements

The moderate brick home is approximately 2,650 square feet, 3 bed 2.5 bath, and was built in 1977. A 30′ x 40′ two car detached garage is adjacent to the home and includes a 700 sqft apartment 1 bathroom and a kitchenette. There is also a small barn and a new 20′ x 15′ loafing shed.

Minerals

Some minerals are available separately from the land contract.

Other

  • There is over 1,000′ of road frontage that provides many options to subdivide
  • There are multiple contiguous properties currently being marketed
  • Ranch shown by appointment only

Taxes

The annual property taxes are approximately $417 with no taxes owed for the City of Cross Roads.


Co-Listed with Republic Ranches, LLC


The information contained herein has been gathered from sources deemed reliable; however, Republic Commercial Land & Brokerage, LLC and its principals, members, officers, associates, agents and employees cannot guarantee the accuracy of such information. The information contained herein is subject to changes, errors, omissions, prior sale, withdrawal of property from the market without prior notice, and approval of purchase by owner. Prospective buyers should verify all information to their satisfaction. No representation is made as to the possible value of this investment or type of use, and prospective buyers are urged to consult with their tax and legal advisors before making a final determination.

Real Estate buyers are hereby notified that real properties and its rights and amenities in the States of Texas are subject to many forces and impacts whether natural, those caused by man, or otherwise; including, but not limited to, drought or other weather-related events, disease (e.g. Oak Wilt, Anthrax, Chronic Wasting Disease), invasive species, illegal trespassing, previous owner actions, neighbor actions and government actions. Prospective buyers of Texas real estate should investigate any concerns regarding a specific real property to their satisfaction.

When buying investment property the buyer's agent, if applicable, must be identified on first contact and must be present at initial showing of the property listing to the prospective real estate investor in order to participate in real estate commission. If this condition is not met, fee participation will be at sole discretion of Republic Commercial Land & Brokerage, LLC.

Republic Commercial Land & Brokerage, LLC reserves the right to require any or all interested buyer(s) of a particular property to provide proof of financial ability to purchase said property prior to the initial showing or any subsequent showing of the property. Republic Commercial Land & Brokerage, LLC also reserves the right to refuse to show a property to a potential buyer for any reason at Republic Commercial Land & Brokerage, LLC's sole and absolute discretion.

Texas Information About Brokerage Services

L2 Investment Property

Denton County, Cross Roads, TX

29± Acres

$3,300,000