Residential Land for Sale in Bonham, Texas

Amazing opportunity to own a MULTI-FAMILY zoned spacious lot in the heart of Bonham, Tx. This nearly 1 acre lot would be an excellent location to build an apartment complex, a series of duplexes, or even multiple cash-flowing quadplex buildings. Seller currently has 6 duplex development approved with the City of Bonham. This property offers electric, water, and sewer on the street adjacent to the lot. The property is not in a flood zone and is within walking distance to two different schools in the area! This property could easily hold 15 apartment doors, 12 quadplex doors, 12 duplex doors or a collection of build-to-rent single family homes. With all the growth and infrastructure coming from Collin County to Fannin County, this property is primed for growth!