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    State Highway 78 Lavon, TX 75166

    For Sale
    $3,134,578

    Highway 78 Retail Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 5.14-acre commercial lot is ideally situated on State Highway 78 in the rapidly growing city of Lavon, Texas. Its prominent location offers unparalleled visibility and accessibility for businesses seeking a high-traffic area. The property is zoned RETAIL, presenting a unique opportunity for developers and investors to capitalize on Lavon's booming residential expansion. This surge in residential development is creating a significant and increasing demand for commercial services, making this land a highly attractive investment. The expansive acreage provides ample space for a variety of commercial ventures, from retail stores and restaurants to service centers and other businesses catering to the growing community. The strategic location on State Highway 78 ensures excellent exposure to a large volume of daily traffic, maximizing potential customer reach and business visibility. This property represents a rare chance to secure a prime commercial location in a thriving market poised for continued growth. The substantial lot size allows for flexibility in development plans, accommodating a range of commercial projects to meet the evolving needs of the community. Don't miss this exceptional opportunity to establish a successful business in a dynamic and expanding area. The asking price is $3,134,578.

    Property Features for State Highway 78

    General Information

    Property type
    Other commercial real estate
    Lot Size
    223,898 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lavon
    County
    Collin
    State
    Texas
    Longitude
    -96.4449
    Latitude
    33.0203

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Highway 78 Retail Opportunity
    Where is this commercial real estate located?
    The property is located at State Highway 78 Lavon, TX.
    What is the asking price?
    The asking price for this property is $3,134,578.
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    State Highway 78 Lavon, TX 75166
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    Lavon, TX 75166
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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
    State Highway 78 Lavon, TX 75166
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