85 acre tract on FM 513 South of Lone Oak. The property lays out nicely for a residential development with over 2100 linear feet of FM road frontage allowing for multiple entrance and exit points. Water along the entire road frontage, overhead electricity across the FM road on the other side. Buyer could maintain current Ag Exempt tax status depending on future usage. Currently crossed fenced with two ponds. All fences are in good shape with two of the exterior fences being new. A few pecan trees on the property along with deer traffic. Majority of the tract is open grass. Trees located primarily in the fence line. Lone Oak ISD. SELLER WILL SUBDIVIDE. SELLER WILL FINANCE.