Nestled between HWY 75 and HWY 5, this versatile 32.25 acre tract offers multiple unique opportunities for potential development, homestead, or commercial use. This property features 1,100 feet of paved road frontage off of Jay Road.The parcel is on the ETJ line of Van Alstyne (can be brought into the ETJ) and is zoned for Van Alstyne ISD. City water and sewer is accessible, maximizing opportunities for development. This parcel is a stones throw from the highly touted Rolling Ridge neighborhood as well as other high end developments coming in on neighboring tracts. The property is free of FEMA floodplain (only a small sliver of wetlands in the creekline) and the phase I environmental study has been completed (showing maximum usability of the land) and is available to view. This is a great opportunity for a long term buy and hold investment, or immediate development. This parcel is currently under Ag exemption for hay production making for a minimal yearly property tax payment.