DENTON & CORINTH, TEXAS

[Pages:4]NEC OF F.M. 2499 & LAKE SHARON DRIVE

36.3 Acre Land Tract For Sale DENTON & CORINTH, TEXAS

HAWKS ELEMENTARY SCHOOL

CROWNOVER MIDDLE SCHOOL

PROPERTY HIGHLIGHTS

LOCATION: Denton & Corinth, Texas (Denton County & Denton ISD)

SITE SIZE:

36.26 Acres ? 11.66 Acres (in Denton) ? 24.60 Acres (in Corinth) ? (Seller will consider subdividing)

F.M. 2499

OAKMONT DRIVE

DENTON, TX 11.664 ACRES

CORINTH, TX 24.597 ACRES

LAKE SHARON DRIVE EXTENSION (EST. COMPLETION 2Q 2019)

380 DECATUR

287

ZONING:

Planned Developments ? PD-111 (Denton tracts) ? PD-24 (Corinth Tracts) ? Both PD's include a combination of

commercial and residential uses

77 380

DENTON

35W 377

35E

LITTLE ELM

75 PROSPER 380

McKINNEY

FRISCO 121

78

380 78

OFFERING OVERVIEW 114

Stream Realty Partners is pleased to present the opportunity to purchase up to 36.3 acres at the future intersection of F.M. 2499 and Lake Sharon Drive in Denton County, Texas. Upon completion of the Lake Sharon extension to F.M. 2499 (Est. Summer 2019), the property will be afforded substantial thoroughfare frontage and "hard corner" visibility. Seller will consider whole and/or partial tract offers.

199

ASKING PRICE: Negotiable Depending on Land Area

30

121

FLOWER MOUND

35E

PLANO 75

114

287 35W

KELLER 377

GRAPEVINE 635

121

DFW Int'l Airport

114

Addison

Airport

ADDISON RICHARDSON

190

CARROLLTON

635 GARLAND

75

SAGINAW

820

Fort Worth Mecham Int'l

Airport

FORT WORTH

183

183

161

IRVING

360 30

ARLINGTON 820

30

GRAND PRAIRIE

Dallas Love Field

Airport

UNIVERSITY PARK

HIGHLAND PARK

35E

30

DALLAS

175

635 MESQUITE

20

BENBROOK

20

287

35W

20

377

205 ROCKWALL

30 205

80 20

175

JAMIE JENNINGS | 214.267.0452 | jjennings@ ANDREW RABINOVICH | 214.560.5111 | andrew.rabinovich@

BURLESON

287

67

2018 Stream Realty Partners. All rights reserved. The information contained herein was obtained from sources believed reliable; however Stream Realty Partners, L.P. make no guarantees, warranties or MIDLOTHIAN representations as to the completeness or accurac thereof. The presentation of this property is submitted subject to errors, change of price, or conditions prior to171sale or lease, or174 withdrawa35Wl without notice.

LANCASTER

35E

45

34



NEC OF F.M. 2499 & LAKE SHARON DRIVE

36.3 Acre Land Tract For Sale DENTON & CORINTH, TEXAS

PD111 OVERVIEW (DENTON)

Established: 1986

Allowable Use: Multi-Family

Density:

24 Units / Acre ? 2 to 16 Units / Building

Height:

2 ? Stories

Parking:

2 Spaces / Dwelling Unit

PD24 OVERVIEW (CORINTH)

Established: 1987

Allowable Use: 2 Family Garden Home (GH);

Townhomes (TH);

Neighborhood Shopping (NS) ? uses are cumulative

Density:

GH ? 6.5 Units / Acre; TH ? 10 Units / Acre;

NS ? 50% FAR

Height:

GH & TH ? 34' or 2 Story; NS ? 36' or 2 ? Story

Parking:

GH & TH ? 2 Spaces / Unit (Off Street);

NS ? 1 Space / 250 Square Feet

KEY

Denton

Corinth

Multi-Family Zoning

~11.66 Acres

Town Homes

~6.00 Acres

Two-Family Garden Homes

~16.00 Acres

Neighborhood Shopping / Garden Office ~3.00 Acres

POPULATION & DEVELOPMENT GROWTH CORRIDOR

Situated in Denton County off Interstate 35 (I-35) straddling the Corinth and Denton city borders, the site is centrally located in one of the fastest growing regions in North Texas. The boom in population growth, including an expected 14% growth rate over the next 5 years, has fueled real estate development as retailers and service providers expand to meet increasing demand.

According to U.S. Census Bureau, the City of Denton's population has grown 18% since the 2010 Census and 40.8% since the 2000 Census, to approximately 133,800 residents, placing Denton among the fastest growing cities in the nation. Corinth, which is home to just over 22,000 residents, is also a rapidly growing community within the D/FW MSA.

EXCEPTIONAL DEMOGRAPHICS

Located within close proximity to prominent and well-educated neighborhoods, including the affluent Oakmont Country Club, and within a 3-mile radius of over ten public schools across the highly-rated Denton and Lake Dallas Independent School Districts.

Population 2018 Total Population: 2023 Population: Pop Growth 2018-2023: Average Age:

1 Mile

3 Mile

5 Mile

16,570

62,505 139,445

17,961

69,242 151,094

12.87% 14.66% 14.33%

33

35

34.7

Households

1 Mile

3 Mile

5 Mile

2018 Total Households:

5,194

20,991

49,433

HH Growth 2018-2023:

12.77% 14.23% 14.20%

Avg Household Income: $138,248 $126,608 $125,473

Avg Household Size:

3.2

2.95

2.81

2018 Avg HH Vehicles:

2

2

2

HIGH-QUALITY PRIVATE & PUBLIC EMPLOYERS

Denton and Corinth are home to major employers that continue to invest and grow within the community, including University of North Texas, Texas Health Presbyterian, Peterbilt Motors, Jostens, United Copper Industries, Acme Brick, Victor Technologies and Sally Beauty Company.

Housing Median Home Value: Median Year Built: Source: Landvision, Costar

1 Mile

3 Mile

5 Mile

$225,019 $231,896 $260,408

2002

2001

1997

JAMIE JENNINGS | 214.267.0452 | jjennings@ ANDREW RABINOVICH | 214.560.5111 | andrew.rabinovich@

2018 Stream Realty Partners. All rights reserved. The information contained herein was obtained from sources believed reliable; however Stream Realty Partners, L.P. make no guarantees, warranties or representations as to the completeness or accurac thereof. The presentation of this property is submitted subject to errors, change of price, or conditions prior to sale or lease, or withdrawal without notice.



NEC OF F.M. 2499 & LAKE SHARON DRIVE

36.3 Acre Land Tract For Sale DENTON & CORINTH, TEXAS SITE SURVEY:

ASKING PRICE: Negotiable Depending on Land Area

JAMIE JENNINGS | 214.267.0452 | jjennings@ ANDREW RABINOVICH | 214.560.5111 | andrew.rabinovich@

2018 Stream Realty Partners. All rights reserved. The information contained herein was obtained from sources believed reliable; however Stream Realty Partners, L.P. make no guarantees, warranties or representations as to the completeness or accurac thereof. The presentation of this property is submitted subject to errors, change of price, or conditions prior to sale or lease, or withdrawal without notice.



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