7.26 Acres in city limits of Gunter with apprx 2400 SF house that needs updates but could be used for rental or office. Great development or investment property near Preston Rd and part of Downtown Master Plan! This property is located on Main Street aka FM 121 just east of Preston Rd. Owner would consider dividing off the house, but land would need to sell first. The new tax appraisal shows 7009 as unexempt taxes but may not be reflected on CAD yet. The property goes well beyond the creek on the south. Current zoning per City of Gunter is mostly Single Family with Thoroughfare District at front but potential for Commercial or Multifamily. City water and sewer to property! Small yellow building to the east of home is part of property and currently used for storage. Gunter is poised for growth with its location just north of Prosper & Celina and south of Sherman as well as its proximity to future extension of the Dallas North Tollway. Plans for Universal Theme Park in Frisco 20 minutes from property and HEB, Costco, & Lowe's in Celina 10 minutes away.