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    9508 Miflin St Cresson, TX 76035

    For Sale
    $595,000

    High-traffic location, development opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 1.9-acre commercial property in Cresson, Texas presents a unique investment opportunity. Strategically located on US Highway 171 and US Highway 377, this high-visibility site offers unparalleled exposure for any business venture. The property comprises two parcels: Lot 1 (0.7438 acres) is zoned Light Commercial and enjoys direct highway frontage, while Lot 6 (1.159 acres), located behind Lot 1, is currently zoned Residential. Three existing houses are situated on the property, though they are considered to be of minimal value and are included in the sale as-is. The property also features three separate septic systems and three underground propane tanks. This prime location provides excellent access to major transportation routes, making it ideal for a variety of commercial uses. The potential for redevelopment or repurposing is significant, given the high traffic count and prominent location within the downtown Cresson area. This is a rare opportunity to acquire a substantial commercial parcel in a rapidly growing Texas town. Buyers are encouraged to conduct their own due diligence regarding zoning regulations and potential development options. The asking price reflects the land's significant potential and strategic location.

    Property Features for 9508 Miflin St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    82,764 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cresson
    County
    Johnson
    State
    Texas
    Longitude
    -97.61581
    Latitude
    32.53092

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, development opportunity.
    Where is this commercial real estate located?
    The property is located at 9508 Miflin St Cresson, TX.
    What is the asking price?
    The asking price for this property is $595,000.
    Request Owner's contact information
    9508 Miflin St Cresson, TX 76035
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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
    9508 Miflin St Cresson, TX 76035
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