3077 Memory, Denton, Texas

Description

UNRESTRICTED HARDENED OPERATING YARD ON IH-35E DAY 1 UTILITY. Recreating this from raw ground would take years of entitlement, significant capital, and most North Texas cities would not permit this use by right. Offering 27.4 to 68.32 AC on the IH-35E service road in unincorporated Denton County, with an improved hardstand yard already in operation.

35-year operating legacy: Continuous heavy outdoor storage use on this exact site with no city zoning or use restriction by ordinance. Ownership commissioned a Phase I Environmental Site Assessment; follow-up soil work is scoped and priced.

PRICING AND DIVISIBILITY PORTIONS FROM $3,069,000

40.92 AC Expansion Investment Tract: $3,069,000 at $75,000 per AC

27.4 AC Improved Yard: $4,384,000 at $160,000 per AC

68.32 AC Entire Site: $6,732,000 at $98,536 per AC, $721,000 savings vs sum of parts

Seller financing available.

Proven uses and demand: Auto dismantling and recycling with 35 years of continuous operation. Fort Worth precedent for phased truck parking; Southeastern Freight Lines committed $30M to a Denton terminal. Adjacent owner pursued concrete batching and was near an LOI. Two on-site wells support water-intensive uses.

INFRASTRUCTURE INVESTMENT

TxDOT I-35 North Improvement Project: $187M allocated to widen I-35 from 4 to 6 lanes plus continuous frontage roads directly fronting the property. Part of a $1.25B plus Denton County corridor reconstruction program enhancing long-term truck access and capacity. Approximately 900 feet of IH-35E service road frontage with multiple access points.

Several uses can produce income from day one, including yard leasing, fleet and truck parking, dismantling, or batching, because the hardstand, utilities, and operating history are already in place. An investor can underwrite the current use rather than a four-year entitlement outcome and phase the 27.4-acre yard and 40.92-acre balance separately.

Directions: Travel north on IH-35 E toward Sanger. Take Exit 474 at Cowling Road and use the roundabout to access the westbound service road. Turn right onto Memory Lane and the property will be on the left.