DEVELOPMENT OPPORTUNITY WITH FRONTAGE ON 2 SIDES. PROPERTY IS LOCATED NORTH AND EAST OF THE INTERSECTION OF FM 2738 AND THOMPSON RD (COUNTY ROAD 509). Approximately 1,466 frontage feet along FM 2738 and approximately 1,267 frontage feet along Thompson Rd. Johnson County Special Utility District informs that they have a water line near FM 2738 (see information in supplemental documents). Located just minutes from I35 and Hwy 67. Great investment or recreational property. No city taxes and ag exempt property. Could be used for ranch, single family residence or development. 2 ponds and some trees. Electric available through United Cooperative Services.