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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