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2640 West Loy Lake Road
Denison, TX 75020
Asking Price
$729K
Asset Type
Residential Land
Class
Class B
What's Special
5.589 Acres - Positioned well for Multifamily, Retail or Hybrid <p>Rare opportunity to acquire a 5.589-acre development tract in the expanding Loy Lake Road corridor of Denison. The property offers over 900 feet of Loy Lake Road frontage and is located less than 2 miles from U.S. Route 75, which carries an estimated 70,000+ vehicles per day through the Sherman-Denison market. Currently zoned residential, the site is well-positioned for future development with potential rezoning opportunities supported by continued growth in the area. Convenient access to ret
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NOI
$80,000
Cap Rate
10.97%
DSCR
1.85
Strong
Cash-on-Cash
16.78%
Monthly Payment
$3,607.654
Annual Cash Flow
$36,708.151
