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Grayson, US
***Seller is offering $10,000 in concessions with reasonable offers!!***
Is there a 5+ acre investment property at 3312 Vine Lane located inside the city limits with flexible zoning? Yes. This centrally located tract is currently used as residential and zoned Two-Family Duplex, allowing future duplex development or single family construction per city requirements. Highway access, nearby healthcare, dining, parks, and shopping strengthen long term demand and exit options.
The property offers immediate income or interim use with an existing residence, guest house, workshop, and an in-ground pool installed by Allison Landscaping and Pool Company. The pool includes a tanning shelf, water fountains, and a diving board, enclosed by a wooden privacy fence, supporting short term usability while planning future development.
The guest house is also zoned retail, presenting added upside for a potential storefront or mixed use application subject to city approval. Investors not ready to develop can operate or hold the property while benefiting from rare acreage within city limits and favorable zoning.
Zoning details, requirements, and city contact information are available in the MLS documents. This property is cross listed under MLS #20979081 as residential, where interior photos are available. Opportunities like this 5+ acre investment property at 3312 Vine Lane combine land scale, zoning optionality, and central location, making it well suited for long term investors, developers, or owner operators seeking flexibility.
Courtesy Of: Better Homes & Gardens, Winans
Public Schools
- School District:
- Denison ISD
- Elementary School:
- Hyde Park
- Middle School:
- Henry Scott
- High School:
- Denison
Interior Features
- Heating:
- Central
Exterior Features and Amenities
- Fencing:
- Privacy,Wood,Wrought Iron
- Lot Features:
- Acreage,Cleared,Corner Lot,Many Trees
- Lot Size:
- 5 to < 10 Acres
- Lot Size Area:
- 5.3400
- Lot Size Source:
- Public Records
- Lot Size Units:
- Acres
- Number Of Lots:
- 1
- Road Frontage Distance:
- 1184
- Subdivision Name:
- G-0391
Utility Information
- Utilities:
- City Sewer,City Water
Financial
- Unexempt Taxes:
- $6,653.00
- Tax Legal Description:
- G-0391 EARHART JAMES B A-G0391, ACRES 5.34
Other Features
- Will Subdivide:
- No
- Easements:
- Other
- Special Notes:
- Aerial Photo
- Soil Type:
- Unknown
- Restrictions:
- Development
- Possession:
- Closing/Funding
- Parcel Number:
- 151094
- Intermediate School Name:
- Mcdaniel
Directions
Driving east on Spur 503: Turn left onto SH-Spur 503 Frontage Road, and begin traveling west. In approximately .25 miles property will be on the right with sign in yard.
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Data last updated: 2026-05-20.
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