8550 FM 2243 (aka: Leander Rd) is ~33 Acres Commercial or Industrial land east of Leander between Reagan Blvd (Parmer Lane extension) and Hwy 183-A (the Toll Road).
$1,085,000 (with no Realtor commission).
Entire property is under AG Exemption!
Owner financing w/ acceptable down payment, OAC.
No Qualifying Assumable 20-year loan at 6% with 15.5 years remaining on Note, in mid-2010 the balance remaining is approx $619,000; we might carry a second owner financed Note depending upon down payment amount. No Balloon date, no pre-payment penalty!
ZONING: 501' deep frontage (~6 acres) on FM 2243 is zoned Local Commercial, the remainder is in the County and therefore not zoned.
Lot has approved 45' commercial construction entrance, which was paved by TxDOT when FM 2243 was widened in 2007.
New Intersection and ~2,700 linear feet of frontage will be created by new city street. The new city road (referred to as "C-7" on City of Leander Roadway Plan) will be on the east side of this deep lot, which adds over 2,700 feet of frontage and puts this lot on an intersection!
Property currently has ~500' frontage on FM 2243.
No Qualifying Assumable Owner Financed NOTE at 6% interest over 20 years (less than 15.5 years remaining) with NO BALLOON date, and no pre-payment penalty! Current owner may finance additional second lien Note depending upon the amount of the down payment.
Vice President of Reunion Development Group since its conception in 2003; performs sales, leasing and advertising duties.
Former owner of Mitchell Financial Services, a Mortgage Bank headquartered in Tucson, AZ. Loan Officer for over five years. Held General Contractor's licenses in MD, WV, AZ, and TX.
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