One Preston

Highlights

• Versatile Development Options: 10.19 acres zoned for a variety of uses including retail, commercial, office spaces, and a potential hotel.
• Quality Construction: Existing structures include a high-quality, modern event center, ideal for weddings and other gatherings.
• Multiple Buildings: Comprises four buildings with areas of 3,325 sf, 2,256 sf, 4,032 sf, and 2,400 sf, offering flexible space solutions.
• Strategic Location: Direct exposure and access to Preston Road, positioned perfectly between US 75 and the future Dallas North Tollway.
• Growth Corridor: Situated in an area experiencing active residential and commercial development, promising continued growth and enhancement of property value.
• City Infrastructure Expansion: Anticipated improvements in city infrastructure such as sewer systems and drainage are expected to enhance the property’s accessibility and desirability.
• Future Expansion Potential: Includes additional tracts for parking and future development of a hotel or retail spaces, totaling nearly 4 acres.
• Enhanced Accessibility: The planned cut and fill along Preston Road will increase the buildable land area, optimizing space utilization.
• Robust Market Trends: Located in a market in its growth phase, with property values expected to rise in response to regional development and demand.

Description

Nestled in the vibrant growth corridor of Gunter, Grayson County, Texas, the property at 50 Whispering Winds Drive presents a lucrative redevelopment opportunity with a current listing price of $4,750,000 and a recent appraisal of $5,170,000. This commercial gem spans 10.19 acres and features four buildings totaling 12,013 square feet of gross leasable area. Zoned C-1 for commercial, office, retail, and hotel use, this property is ideally positioned for a dynamic mix of development possibilities. Located equidistant from US 75 and the future Dallas North Tollway, with direct access to Preston Road, the site benefits from high visibility and accessibility, essential for any commercial venture. The existing structures include a modern, high-quality wedding and event center, highlighting the property’s immediate usability and potential for enhancement. As Gunter city plans expand infrastructure, including sewer systems and drainage improvements, this property stands poised for significant appreciation in value and utility, making it an attractive proposition for investors and developers.

Nestled in the vibrant growth corridor of Gunter, Grayson County, Texas, the property at 50 Whispering Winds Drive presents a lucrative redevelopment opportunity. Located equidistant from US 75 and the future Dallas North Tollway, with direct access to Preston Road, the site benefits from high visibility and accessibility, essential for any commercial venture.