L2 Investment Property
The L2 Investment Property is a prime parcel located in the city limits of Cross Roads. Currently a primary residence, this ranch holds potential for future development in one of the last remaining rural areas south of Highway 380. Positioned along Potter Shop Road, the property has both access and frontage, with existing utilities in place.
LOCATION
The property is located in central Denton County inside the city limits of Cross Roads and 45 minutes from downtown Dallas. It sits just over half a mile south of Hwy 380, accessible from Potter Shop Road, approximately 7.5 miles east of Denton and east of Lake Lewisville. The area's recent residential developments are located east of Naylor Road.
TOPOGRAPHY, RANGELAND & HABITAT
With over 1,000 feet of road frontage, this property offers versatile subdivision options. About 30% of the ranch comprises pastureland, featuring a mix of improve...
With over 1,000 feet of road frontage, this property offers versatile subdivision options. About 30% of the ranch comprises pastureland, featuring a mix of improved and native grasses on loamy soils. Mature trees, including oaks, border the pastures and improvements.
IMPROVEMENTS
The ranch features a charming brick home spanning approximately 2,650 sqft encompassing 3 beds and 2.5 baths, constructed in 1977. Adjacent is a spacious 30 x 40 two-car detached garage with a 700 sqft apartment including a bathroom and kitchenette. Additionally, a small barn and a new 20 x 15 loafing shed complement the property.
WATER
Mustang Special Utility District has confirmed the presence of a 4-inch water line along the west side of Potter Shop Road and a 2.5-inch line along the north side of Tipps Road. Roughly 3/10 of a mile south of the property, there's a 6-inch water line at the intersection of Potter Shop Road and Millcreek Road. Moreover, the property features two reliable ponds and a seasonal creek.
ELECTRICITY
The area is serviced by Denton County Electric.
MINERALS
Some mineral rights are available separate from the land contract.
TAXES
The annual property taxes are approximately $417 with no taxes owed for the City of Cross Roads.
OTHER
There are multiple contiguous properties currently being marketed.
Ranch is shown by appointment only.
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