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Grayson, US
7.26 Acres in city limits of Gunter with apprx 2400 SF house that needs updates but could be used for rental or office. Great development or investment property near Preston Rd and part of Downtown Master Plan! This property is located on Main Street aka FM 121 just east of Preston Rd.
BAC is 3%. 7.26 Acres in city limits of Gunter with approximate 2400SF home that needs updates but could be used for rental or office. Great development or investment property near Preston Rd and part of Downtown Master Plan! Seller financing available with 50% down for 3 years. Zoning info per City of Gunter is: “Currently zoned THOR(Thoroughfare District) in the front portion and SF1 in the back. The THOR is an overlay district, that is a base zoning of C-1. Anything with Main Street frontage was re-zoned as THOR in our future land use plan. Currently, this property can be used as SF1, but if the home becomes vacant for a period of 6 months or more or is demolished, the land use would then change to the C-1 zoning on front of the parcel”. Could be purchased as part of a 1031 Tax Exchange. Taxes paid by seller last year were $7700. Please note that property goes well beyond the creek on the south boundary. City water and sewer!! Small yellow bldg to the east of home is part of property and currently used for storage.
Gunter is poised for growth with its location just north of Prosper & Celina and south of Sherman as well as its proximity to future extension of the Dallas North Tollway. Plans for Universal Theme Park in Frisco 20 minutes from property and HEB, Costco, & Lowe's in Celina 10 minutes away.
Courtesy Of: SocialLivingRealEstateBoutique
Public Schools
- School District:
- Gunter ISD
- Elementary School:
- Gunter
- Middle School:
- Gunter
- High School:
- Gunter
Interior Features
- Heating:
- Other
Exterior Features and Amenities
- Crops:
- Other
- Exterior Features:
- Covered Patio/Porch,Storage
- Lot Features:
- Acreage,Interior Lot,Irregular Lot,Many Trees,Tank/ Pond
- Lot Size:
- 5 to < 10 Acres
- Lot Size Area:
- 7.2600
- Lot Size Source:
- Public Records
- Lot Size Units:
- Acres
- Number Of Lots:
- 1
- Subdivision Name:
- Otp Gunter
Utility Information
- Utilities:
- All Weather Road,Cable Available,City Sewer,City Water,Concrete,Electricity Connected,Sewer Available
Financial
- Unexempt Taxes:
- $9,564.00
- Tax Legal Description:
- OTP GUNTER, BLOCK PT 83, 84, 85, ACRES 7.26
Other Features
- Will Subdivide:
- No
- Special Notes:
- Aerial Photo,Agent Related to Owner,Flood Plain
- Restrictions:
- Other
- Possession:
- Negotiable
- Parcel Number:
- 151959
- Easements:
- Utilities
Directions
On FM 121 (Main St) just east of Preston Rd (Hwy 289) on south side, no sign. Address on lamp post.
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Data last updated: 2025-05-24.
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