7237 E Parker, Lucas TX, 75002
(Active)
$6,375,000
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MLS# 20575949
Last Updated: 5/19/2024 4:42 AM
Description for
7237 E Parker
Lucas, TX 75002
This extensive property package offers a compelling investment opportunity, featuring four parcels totaling 25 acres, each brimming with potential. Zoned SF-1 for one-acre lots, the land comprises seventeen (17) one-acre lots and two (2) 2+ acre lots, complete with city entitlements and approved site plans, positioning it as a premier investment opportunity. With its level topography and remarkable visibility, boasting approximately 600 feet of frontage along Parker Road, and supplemented by existing water and electrical services, the property provides an ideal canvas for development endeavors. In Lucas, where the median home price stands at $1.1 million as of April 2024, and properties are listed up to $5.3 million, the residential market flourishes, offering ample room for exploration. Delve deeper into this exceptional property through our video available on Crexi and LoopNet.
Price
$6,375,000
None
Collin
20575949
Active
Description
This extensive property package offers a compelling investment opportunity, featuring four parcels totaling 25 acres, each brimming with potential. Zoned SF-1 for one-acre lots, the land comprises seventeen (17) one-acre lots and two (2) 2+ acre lots, complete with city entitlements and approved site plans, positioning it as a premier investment opportunity. With its level topography and remarkable visibility, boasting approximately 600 feet of frontage along Parker Road, and supplemented by existing water and electrical services, the property provides an ideal canvas for development endeavors. In Lucas, where the median home price stands at $1.1 million as of April 2024, and properties are listed up to $5.3 million, the residential market flourishes, offering ample room for exploration. Delve deeper into this exceptional property through our video available on Crexi and LoopNet.
Listing Information
| Property Type: Land, Other | ||
| 25.11 Acres | Development, Residential, Single Family | |
None
Public, Well
Septic Tank
Electricity Available
Agricultural, Pasture, Residential, Unimproved
Neighborhood
School Information
| District: Plano ISD | ||
| Hunt | Murphy | Mcmillen |
Room Information
Exterior / Lot Features
Front - 600
Residential
Pasture
Driving Directions
Use GPS - property is located at the intersection of E. Parker Road and MCcreary Road in Lucas.
Financial Considerations
| R690100000501 |
1031 Exchange, Cash, Conventional, Owner Will Carry
Listing Price History
Lucas Real Estate
Lucas is located in Texas. Lucas, Texas 75002 has a population of 109,315.
The median household income in Lucas, Texas 75002 is $105,898. The median household income for the surrounding county is $101,845 compared to the national median of $66,222. The median age of people living in Lucas 75002 is 37 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/1/2024 | Active | $6,375,000 USD |
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