$296,192

Positioned along State Highway 289 with valuable road frontage, this versatile property offers exceptional potential for commercial, residential, or investment use in a growing Lake Texoma corridor. The area continues to attract significant investment, including Preston Harbor, the approximately 3,100-acre master-planned development on Lake Texoma planned to include a future Margaritaville Resort, residential, retail, dining, marina & recreational components. Located near Lake Texoma and approximately 30 minutes from Choctaw Casino, this property offers strong visibility and a strategic location as development continues throughout the Texoma region. Zoning flexibility adds to its appeal, with potential uses including B-2 General Business District for contractor yards, auto-related businesses or retail with outdoor display; B-1 Light Commercial for retail, office or service-based businesses; R-1 single-family residential; and R-2 Duplex District for investment or multi-unit opportunities. Buyer to verify zoning and intended use. Proposed future improvements to State Highway 289 may further enhance accessibility, traffic flow and long-term commercial potential. City water and city sewer are nearby per the City; buyer to verify availability and connection requirements. A waterline easement is located along the far rear of the property. An adjacent 3.269-acre tract is also available (MLS 21257140), creating the opportunity to assemble approximately 6.596 acres for larger-scale development or a long-term investment hold. With SH 289 frontage, flexible development possibilities and significant investment occurring throughout the Lake Texoma area, this property offers an opportunity to secure land in the path of continued regional growth. PLEASE NOTE: Seller intends to record a restrictive covenant establishing an approximately 25-foot treed “no-cut” privacy buffer along the north boundary of the property to preserve natural screening adjacent to the neighboring residence.