Prime Commercial Opportunity in the ETJ of Lowry Crossing!
Strategically situated off the bustling Hwy 380 corridor between McKinney, Lowry Crossing, and Princeton, this property is perfectly positioned in the heart of one of North Texas’s fastest-growing areas. This highly accessible location provides incredible visibility and easy access, making it ideal for commercial retail, office spaces, or other business developments. With water and power already available, it’s ready for immediate development.
Surrounded by thriving communities and adjacent to established commercial properties, this site benefits from the rapid growth and expansion of nearby McKinney, Lowry Crossing, and Princeton. With no known restrictions, the value of this property lies in the land, offering vast potential for various ventures.
Please note: Value is in the land only. Do not disturb the occupant of the small frame home on the property.
Multiple offers on the property and request that all interested parties submit their highest and best offers by 10:00 AM tomorrow, Wednesday, May 14, for the sellers’ consideration.
Sold
Price Unknown
123 Simpson Rd, Princeton, TX 75407
--beds
--baths
1.24Acres
Improved Land
Built in 1960
1.24 Acres Lot
$425,200 Zestimate®
$--/sqft
$1,538 Estimated rent
Home value
$425,200
$306,000 - $583,000
$1,538/mo
Zestimate® history
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Highly accessible location
Zillow last checked:
Listing updated:
Listed by:
Kimberly Barrow 0463728 972-562-8883,
Keller Williams NO. Collin Cty 972-562-8883
Bought with:
Shinwar Tovi
Compass RE Texas, LLC.
Source: NTREIS,MLS#: 20774120
Facts & features
Property
Lot
- Size: 1.24 Acres
- Features: Acreage, Interior Lot, Level
Details
- Parcel number: R213100000701
- Zoning description: Unzoned - in ETJ
Utilities & green energy
- Utilities for property: Electricity Available, Electricity Connected
Community & HOA
Community
- Subdivision: A E Mcgraw Sub
HOA
- Has HOA: No
Location
- Region: Princeton
Financial & listing details
- Tax assessed value: $179,060
- Annual tax amount: $1,467
- Date on market: 11/8/2024
- Cumulative days on market: 237 days
- Exclusions: Storage Building on Property
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2025 | Sold | -- |
Source: NTREIS #20774120 Report a problem | ||
| 5/22/2025 | Contingent | $725,000 |
Source: NTREIS #20774120 Report a problem | ||
| 11/8/2024 | Listed for sale | $725,000 |
Source: NTREIS #20774120 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $78 | $119,327 +10% |
| 2024 | -- | $108,479 +10% |
| 2023 | $78 -88.6% | $98,617 +10% |
| 2022 | $688 -13.5% | $89,652 +10% |
| 2021 | $795 -14.5% | $81,502 +7.2% |
| 2020 | $930 +8.7% | $76,025 +10% |
| 2019 | $856 +12% | $69,114 +10% |
| 2018 | $764 +32.7% | $62,831 -3.5% |
| 2017 | $576 | $65,088 +9% |
| 2016 | $576 -0.1% | $59,739 +3.1% |
| 2015 | $576 | $57,937 +4.9% |
| 2014 | $576 | $55,207 +31.6% |
| 2013 | -- | $41,949 +18.3% |
| 2012 | -- | $35,466 -3% |
| 2011 | -- | $36,572 -2.5% |
| 2010 | -- | $37,523 -2.5% |
| 2009 | -- | $38,504 -15.9% |
| 2008 | -- | $45,775 +44.3% |
| 2007 | -- | $31,725 -19.2% |
| 2006 | -- | $39,243 -0.3% |
| 2005 | -- | $39,365 +0% |
| 2004 | -- | $39,359 +1.4% |
| 2003 | -- | $38,807 -1.3% |
| 2002 | -- | $39,310 +5.6% |
| 2001 | -- | $37,242 +0.6% |
| 2000 | -- | $37,038 |
Find assessor info on the county website
Neighborhood: 75407
Nearby homes
- $252,2002 bd1 ba560 sqft300 Cottrell Ln, Princeton, TX 75407Off Market
- $173,800-- bd-- ba1.7k sqft300 Cottrell Ln, Princeton, TX 75407Off Market
- $508,8002 bd2 ba1.1k sqft5336 E Highway 380, Princeton, TX 75407Off Market
- $850,0001.878 Acres410 Cottrell Ln, Princeton, TX 75407Lot/Land
- $303,900-- bd-- ba500 sqft1000 Simpson Rd, Princeton, TX 75407Off Market
- $231,656-- bd-- ba-- sqft305 Simpson Rd, Princeton, TX 75407Off Market
- $161,700-- bd-- ba1.4k sqft940 Simpson Rd, Princeton, TX 75407Off Market
- $509,8003 bd2 ba2.3k sqft5454 E Us Highway 380, Princeton, TX 75407Off Market
Nearby schools
GreatSchools rating
- 7/10Lowe Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 8/10Clark MiddleGrades: 6-8Distance: 2.3 mi
- 5/10Princeton High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Lowe
- Middle: Clark
- High: Princeton
- District: Princeton ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Texas
- Collin County
- Princeton
- 75407
- 123 Simpson Rd
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