$1,450,000
Positioned on 22+ acres in rapidly growing Josephine on the eastern edge of Collin County, this property offers a rare opportunity for residential, commercial, or mixed-use development in one of North Texas’ emerging growth corridors. Excellent frontage, located directly across from the brand-new Ellis Elementary School and near the future planned middle school, the site sits at the center of an expanding residential community with increasing demand for homes, retail and services.
The property features flat, mostly cleared land with scattered mature trees, offering an ideal development canvas. Approximately 4 acres at the front lie within Josephine city limits and include a 1344 sq ft home (1950) and a 30×50 shop with electricity (no real value placed here), while the rear 18+ acres fall within Josephine’s ETJ and currently have no zoning restrictions, allowing exceptional flexibility for development. Potential uses could include multifamily, retail, mixed-use, neighborhood commercial center, event venue, or a larger single-tenant retail concept, subject to buyer plans. Annexation into the city is welcomed but not required.
Josephine is experiencing significant infrastructure & population growth, with Greenville Street expanding to four lanes and numerous new residential subdivisions underway throughout the area. Despite the rapid housing growth, retail and commercial services remain extremely limited, creating a clear opportunity for investors and developers. Currently, residents travel 20+ minutes for dining, major retailers and shopping.
Local development plans & community reports indicate major national retailers are evaluating expansion along the Highway 6 corridor, further supporting long-term growth potential in the area.
With strong visibility, proximity to new schools, flexible land use potential, and clear retail demand, this property presents an outstanding opportunity to secure a strategic site in the path of Josephine’s continued expansion.
21283251
MLS
324 N Greenville St, Josephine