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$2,124,900
Est. payment /mo
35,548 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Agriculture
Listing Status Active
Purchase Type For Sale
Square Footage 35,548 sqft
Price per Sqft $59
Subdivision Shaw J
MLS Listing ID 8847215
Year Built 1950
Annual Tax Amount $99
Tax Year 2024
Lot Size 70.830 Acres
Acres 70.83
Property Sub-Type Agriculture
Source actris
Property Description
This 70.83-acre tract in Lee County offers an exceptional opportunity for development or investment just outside Lexington. Ideally positioned along U.S. Highway 77, the property features extensive highway frontage, providing excellent visibility and convenient access.
The land is thoughtfully laid out with a proposed subdivision of multiple tracts, ranging from approximately 1 to 3+ acres, along with several designated commercial parcels near the highway frontage. This flexible configuration makes it well-suited for a variety of uses, including residential development, mixed-use projects, or a phased investment strategy.
Currently under agricultural exemption, the property benefits from reduced property taxes. Electricity is available nearby, and the site offers a blend of open pasture and wooded areas, adding both usability and natural appeal.
With its strategic location, subdivision potential, and strong frontage along a major corridor, this property presents a rare opportunity to create a residential community, commercial development, or long-term land investment in a growing area of Central Texas.
The land is thoughtfully laid out with a proposed subdivision of multiple tracts, ranging from approximately 1 to 3+ acres, along with several designated commercial parcels near the highway frontage. This flexible configuration makes it well-suited for a variety of uses, including residential development, mixed-use projects, or a phased investment strategy.
Currently under agricultural exemption, the property benefits from reduced property taxes. Electricity is available nearby, and the site offers a blend of open pasture and wooded areas, adding both usability and natural appeal.
With its strategic location, subdivision potential, and strong frontage along a major corridor, this property presents a rare opportunity to create a residential community, commercial development, or long-term land investment in a growing area of Central Texas.
Location
State TX
County Lee
Interior
Heating None
Cooling None
Flooring See Remarks
Fireplace No
Exterior
Utilities Available Electricity Available
Building
Sewer Public Sewer
Water Public
Structure Type Other
New Construction No
Others
Special Listing Condition Standard
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Listed by Garry Brown Real Estate
NEARBY SCHOOL & BUSINESS
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