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    9900 Spur 294 Corsicana, TX 75109

    For Sale
    $2,750,000

    21 Acres, Lakefront, Development Ready

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 21.29-acre tract presents a unique investment opportunity in Corsicana, Texas. Located near Northshore Condos and Harbor Marina & Restaurant, this undeveloped land boasts 950 feet of captivating shoreline with panoramic lake views. Its prime location offers unmatched versatility for a wide range of development projects, from luxury resorts and residential communities (apartments or condos) to commercial ventures. The property's significant size and stunning waterfront location create an ideal setting for a high-impact development. An existing private sewer plant, capable of handling 40,000 gallons daily, is already installed, providing significant infrastructure advantages and offering the potential for expansion to accommodate larger projects. The absence of existing structures allows for complete design freedom and customization to suit any vision. This is a rare chance to acquire a substantial piece of waterfront property with exceptional potential for substantial return on investment. The property's proximity to established amenities further enhances its desirability and potential for rapid development. Serious inquiries are encouraged to explore this remarkable opportunity.

    Property Features for 9900 Spur 294

    General Information

    Property type
    Other commercial real estate
    Lot Size
    927,392 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Wholesale Shop Hotel & Motel Storage Facility Convenience Store Cafe & Coffee Shop Bed & Breakfast Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.21433
    Latitude
    31.99087

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    FAQs

    What type of property is this?
    Commercial real estate - 21 Acres, Lakefront, Development Ready
    Where is this commercial real estate located?
    The property is located at 9900 Spur 294 Corsicana, TX.
    What is the asking price?
    The asking price for this property is $2,750,000.
    Request Owner's contact information
    9900 Spur 294 Corsicana, TX 75109
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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
    9900 Spur 294 Corsicana, TX 75109
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