A prime development opportunity located in the heart of Josephine, TX and less than approximately 3 miles from the proposed path of the Collin County Outerloop. Surrounded by new residential development, the property is conveniently located on FM 6 and contiguous to DR Horton's Magnolia Point Subdivision. There is a portion of the property is inside the city limits and zoned Single Family Residential. This would be a great buy and hold investment or development opportunity next to an existing residential development as the city of Josephine continues to grow. There is an additional 5± acre tract with road frontage on FM 6 that can also be included.