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    115 E Main St Gunter, TX 75058

    For Sale
    $785,000

    Improved Land - Gunter, TX

    Lot size:
    7.26 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 12 at 9:06 am

    Property Features for 115 E Main St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    151959
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Storage, Fence
    Fencing
    Fenced
    Lot size
    7.26 Acres

    Utilities

    Heating system
    Central, Space Heater
    Cooling system
    Ceiling Fan(s), Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1960
    Architectural style
    Other
    Additional Structures
    Storage

    The Cobbel Agency (214) 945-1970 [email protected]

    Listing agent Janith Boyd (214) 945-1970 License #0332734

    Listing date Oct 30, 2025

    MLS# 20429783 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land with Development Potential

    This 7.26-acre property is located within the city limits of Gunter, Texas, and includes an approximately 2400 square foot house that requires updates but could be used for rental or office space. The property presents a development or investment opportunity near Preston Road and is part of the Downtown Master Plan. Situated on Main Street, also known as FM 121, it lies just east of Preston Road. According to the City of Gunter, the front portion of the property is currently zoned THOR (Thoroughfare District), with the remainder zoned SF1. The THOR district overlays a base zoning of C-1. The property can currently be used as SF1, but if the home becomes vacant for six months or more, or is demolished, the land use would change to C-1 zoning on the front of the parcel. City water and sewer services are available. A small yellow building to the east of the home is part of the property and is currently used for storage. The property extends beyond the creek to the south boundary. Gunter is positioned for growth, located north of Prosper and Celina and south of Sherman, with proximity to the future extension of the Dallas North Tollway. The property is located 20 minutes from the planned Universal Theme Park in Frisco and 10 minutes from HEB, Costco, and Lowe's in Celina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gunter
    County
    Grayson
    State
    Texas
    Longitude
    -96.740787
    Latitude
    33.444834

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    FAQs

    What type of property is this?
    Commercial land - 7.26 acres in Gunter, TX, suitable for development or investment.
    Where is this commercial land located?
    The property is located at 115 E Main St Gunter, TX.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: - 7.26 acres of land within Gunter city limits, offering significant development or investment potential.; - Strategic location on Main Street (FM 121) near Preston Rd, part of the Downtown Master Plan and poised for growth north of Prosper & Celina.; - Zoned THOR (C-1 overlay) in the front portion, allowing for commercial use if the existing house is vacant for 6+ months or demolished.
    (214) 945-1970
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    Gunter, TX 75058
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 E Main St Gunter, TX 75058
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