Description
Oasis at Sanger offers a prime residential land development opportunity located on McReynolds Road in Sanger, TX. The property spans 4.14 acres (77,162 square feet) of entitled land, strategically positioned within a growing submarket in Denton County. This site is currently vacant, providing investors with a clean slate for development and value creation in an area experiencing steady population growth and housing demand.
The asking price is $1,800,000, equating to $23 per square foot or $435,327 per acre. With a stabilized cap rate of 5.6% and projected stabilized NOI of $1,012,135, the property presents a strong value proposition for residential land developers seeking attractive returns. As an undeveloped asset with entitlements in place, Oasis at Sanger provides flexibility in design and build-out, with potential for competitive absorption in line with market demand.
This is an exceptional opportunity to capitalize on the region's growth dynamics and establish a foothold in one of North Texas’s emerging residential hubs.
Offering Summary
- Asking Price$1,800,000
- Price PSF$23
- Price/Acre$435,327
- Property TypeLand/Development
- Size77,162 SF
- Available77,162 SF
- Occupancy0%
- Total Acres~4.14 ac
Sale Details
- Stabilized Cap Rate5.60%
- Stabilized NOI$1,012,135
Documents
Property Address
Property Details
- Occupancy
0% - Property Type
Land/Development - Acres
4.14 - Developable Acres
4.14 - Entitlements
Yes (Fully Entitled) - Topography
Flat - Zoning
PD – Multifamily - Access Frontage
McReynolds Rd - Highest & Best Use
Multifamily Residential Development - Ownership Interest
Fee Simple
Deal Team
