Prime 5.5 Acre Opportunity in High-Growth Corridor Positioned between the Dallas North Tollway and Preston Road-and just east of the planned Legacy Road extension-this 5.5-acre property offers exceptional potential for investors and developers. With 388 feet of road frontage on Fred Smith Road, the site provides both accessibility and visibility in one of North Texas' fastest-growing areas. Located just outside city limits and within the ETJ, the property allows for greater development flexibility. Existing improvements include a 1,594 sq ft main home with 3 bedrooms and 2 bathrooms, as well as a separate 3-bedroom, 2-bathroom guest house. Both structures present immediate income-producing potential or can be repurposed as office space during development. Whether you're seeking a land hold in a strategic location, a live, work setup during planning phases, or a site ready for commercial or residential redevelopment, this property checks all the boxes for forward-thinking investors.