402 E Fulton Street

The Subject 1.953 acre tract is located JUST WALKING DISTANCE from Van Alstyne's thriving downtown Social District and HAS FRONTAGE on both E. Fulton and Sherman Streets. The Subject tract is presently zoned SF-65 and the City has favorably reviewed plans for a six (6) lot subdivision on the site. The Subject tract was recently cleared and contoured and, pending final approvals, this tract is ready for development. Of the proposed six (6) lots, two (2) front on E. Fulton Street (152 feet total Fulton frontage) and the remaining four (4) front on Sherman Street (206 feet total Sherman frontage, yielding total road frontage of 358 feet - see the Final Plat Survey provided herein). This is a RARE FIND, as buildable lots so close to Downtown and Van Alstyne's Social District are HARD TO FIND and RARELY COME TO MARKET. To date, the current owner has performed EXTENSIVE LEGWORK with the City to 1) get the zoning changed to SF-65 (done) and 2) get the discussed six (6) lot project favorably reviewed pending final approval. Given this head start, development of the Subject tract could likely begin in 60-90 days. The Subject tract HAS NOT been in Ag Status for several years, so no large tax rollbacks will accrue to the Buyer. Please be advised that all statements contained herein HAVE BEEN DILIGENTLY RESEARCHED AND ARE BELIEVED TO BE FACTUALLY CORRECT. However, the Buyer and Buyer's Agent WILL NEED AND WANT TO VERIFY ALL STATEMENTS contained herein as a matter of DUE DILIGENCE to confirm their complete veracity.