North Texas Land For Sale - Description

74.9 Acre farm for sale located just 7.2 miles south of Honey Grove, Texas. The land slopes gently from south to north and features a lovely pond frequented by deer and waterfowl. The north side of the property contains an old growth band of cotton wood and Bois 'D Arc trees and seasonally flowing Wafer Creek. The property is fronted on the east and south sides by Fannin County Road 3550. Electricty is available via Fannin County Electric Coop and water is available via the Dial Water Supply Company. The land is being offered at $2,500 per acre for a total of $187,250.

Topographic View of Locust Copse Farm

Potential Uses

The land is currently zoned agriculture but is easily adapted to other uses including ranching or development for residential living.

Farming

60+ acres are currently under cultivation. As farm land, this property enjoys the lowest property tax rate in Fannin County.

Ranching

With essentially level terrain, a large pond and many large trees along a meandering creek, the property has great potential as a ranch. Water and electric connections are in close proximity supporting the possibility of erecting a barn and ranch house. The west side of the property is already fenced for cattle.

Investment

The land qualifies as a 1031 property exchange and would make an ideal choice for an investment. Property in close proximity is selling for upwards of $4,000 per acre. This land is situated in the ultimate growth path of the DFW metroplex currently 60 miles away.

Sub-Division of the Land

The land can be sub-divided and sold as smaller ranches or landed residences. Smaller parcels bring more dollars per acre, making it possible for the buyer to sell parts of the property and retain part, potentially making the property zero cost to the initial buyer.

Contact Us to learn more about this property and find out why Honey Grove is a great place to live or invest.

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