Listing provided courtesy of Monument RealtyMLS# 21262064MLS ProviderContact Information: Adela Clement - 214-535-0562
  • 54 days on site
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Positioned along State Highway 289 with valuable road frontage, this versatile property offers exceptional potential for both commercial and residential use in a rapidly growing area. Located near Lake Texoma and only 30 minutes from Choctaw Casino, this property benefits from strong traffic exposure and increasing demand driven by ongoing area growth. Zoning flexibility makes this tract especially attractive, with the highest and best use aligning with B-2 General Business District, ideal for contractor yards, auto-related businesses, or retail with outdoor display. Additional potential uses include B-1 Light Commercial for retail, office, or service-based businesses, R-1 single-family residential development, and R-2 Duplex District for investment or multi-unit opportunities. Adding to the long-term value, there are proposed future plans for expansion of State Highway 289, which may further enhance accessibility, traffic flow, and overall commercial viability. City water and city sewer are nearby per the City- buyer to verify availability and connection requirements. Property is also subject to a waterline easement located along the far rear of the property. An adjacent 3.269-acre tract is also available for purchase- See MLS 21257140, offering the opportunity to combine for a total of approximately 6.596 acres, ideal for larger-scale development or investment hold. This is a rare opportunity to secure a strategically located property with multiple use options in an area poised for continued growth. Please Note: Seller intends to record a restrictive covenant establishing a treed ‘no-cut’ privacy buffer (approx. 25’) along the north boundary of the property, helping preserve natural screening adjacent to the neighboring residence.

Source: North Texas MLS, MLS#: 21262064

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  • Property Type
    Land
  • Lot
    3.33 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 3.328 Acres Hwy 289 Highway


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/23/2026Source: North Texas MLS Price Reduction
$329,472 -5.7%
5/6/2026Source: North Texas MLS Added to Database
May 06, 2026