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Listing provided courtesy of DAVID NORMAN LAND COMPANY- MLS# 21288604MLS ProviderContact Information: DAVID NORMAN - 903-587-9898

TBD FM HWY 272Leonard, TX 75452

Vacant Land · 77.17 Acres
$760,125 Active

TBD FM HWY 272 Overview

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Discover an exceptional row crop farm offering versatility, productivity, and investment potential. Situated in the rapidly growing Fannin and Hunt County corridor, this one-of-a-kind property lies just east of Leonard along FM 272, with approximately 1,548 feet of FM frontage and an additional 2,389 feet along Hunt County Road 1055. The extensive road frontage provides outstanding opportunities for future division into smaller tracts for the investor. The farm with good soils carries an agricultural exemption, and none of the acreage falls within a FEMA designated floodplain. A highly regarded tenant farmer is currently in place, and the property boasts an excellent cropping history, including corn, wheat, and soybeans. Currently, this productive and unique farm is planted in corn that will be harvested in August. Nearly the entire tract is under cultivation—an increasingly rare find in this region. Whether you’re seeking a strong agricultural asset, long term investment, or land with development flexibility, this property delivers exceptional potential in every direction.

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TBD FM HWY 272 Facts & Features

  • Type Vacant Land
  • Lot 77.17 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Leonard ISD
  • Elementary School: Leonard
  • Middle Or Junior School: Leonard
  • High School: Leonard

Business Information

  • Current Use: Agricultural,Hunting

Location/Region

  • Country: US
  • County Or Parish: Fannin
  • Postal City: LEONARD
  • Subdivision Name: D Cullin

Rent/Lease Information

  • Land Lease: Yes

Tax Information

  • Tax Annual Amount: 216.0

General Information

  • Disclosures: Easement(s)
  • Exclusions: 2026 crops growing on the property, and some available minerals.
  • Listing Terms: Cash,Conventional,1031 Exchange,Federal Land Bank
  • Possible Use: Agricultural,Cattle,Development,Grazing,Hunting,Investment,Livestock,Pasture,Residential,Unimproved
  • Property Sub Type: Unimproved Land
  • Property Type: Land

Interior

Exterior

Lot Information

  • Cultivated Area: 75.0
  • Lot Features: Acreage,Agricultural,Corner Lot
  • Lot Size Acres: 77.17
  • Lot Size Area: 77.17
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3361525.2
  • Lot Size Units: Acres
  • Road Surface Type: Dirt,Asphalt
  • Vegetation: Crop(s),Grassed

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Barndominium

General Information

  • Road Frontage Type: County Road,Farm to Market Road,All Weather Road
  • Utilities: Electricity Available,None

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* 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.

TBD FM HWY 272 Market Data

Based on the last 30 days in this zip code

$589,295
Average List Price
$249
Average Price per Square Foot
5
Properties Sold
119
Average Days on Market
87
Properties for Sale
Calculations provided by Reliance Network


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