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$ 125,000

Est. payment | -/mo

1.4 Acres Lot

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$ 125,000

Est. payment | -/mo

Save Virtual Tour

1.4 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Meander Park Add

MLS Listing ID 21409105

HOA Y/N None

Annual Tax Amount $610

Lot Size 1.402 Acres

Acres 1.402

Property Sub-Type Unimproved Land

Property Description

EXCEPTIONAL DEVELOPMENT OPPORTUNITY IN GRANBURY! Discover the possibilities with this 1.402-acre tract located at the corner of Meander Road and Estate Drive, offering approximately 61,049 square feet of land with a documented history of multifamily development planning. What sets this property apart is its previous development activity with the City of Granbury. In 2009, plans were presented for a 24-unit multifamily project consisting of three buildings with eight residential units each. The Granbury Planning and Zoning Commission and City Council approved the preliminary plat and associated variances, and the property was subsequently final-platted as Lot 1, Block 1 of Meander Park Addition. Historical municipal records document proposed public water and sewer extensions, fire-lane access, roadway improvements, drainage considerations and detention requirements. The recorded plat identifies utility, drainage and fire-lane easements, offering valuable information for evaluating future site development. Although the original apartment project was never constructed, the property's documented planning history provides an interesting opportunity to explore a new development concept. Potential uses may include multifamily residential or other development possibilities, subject to current zoning, applicable regulations and municipal authorization. Conveniently situated near US Highway 377 with access to Granbury's shopping, dining and business corridors. Historical Planning and Zoning records, City Council documentation and recorded survey are available for review. Previous development plans and municipal decisions are historical and do not establish current building entitlements or permitted density. Purchasers should independently verify zoning, jurisdiction, utilities, easements, restrictions, infrastructure obligations and development feasibility with the appropriate authorities. An opportunity to explore the potential of a distinctive Granbury development tract!

Location

State TX

County Hood

Zoning Interim Holding (IH). Historical multifamily development plans; current permitted uses subject to City approval.

Direction From US Highway 377 in Granbury, turn onto Meander Road. Continue to the intersection of Meander Road and Estate Drive. Property is located at the corner of Meander Road and Estate Drive.

Exterior

Utilities Available Asphalt, Electricity Available

Street Surface Asphalt

Garage No

Building

Lot Description Acreage, Irregular Lot, Many Trees

Schools

Elementary Schools Oak Woods

Middle Schools Acton

High Schools Granbury

School District Granbury Isd

Others

Restrictions Development,Other

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Aerial Photo, Survey Available, Utility Easement, Verify Flood Insurance, Verify Rollback Tax, Other

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21409105

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Becky Gibson • BLVD Group

Nearby Locations

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+1(972) 401-1400

hello+51@letchime.com

1000 Meander Road Granbury, TX 76049

HomeSmart DFW

Key Details

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1000 Meander Road