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    1950 Highway 287 Decatur, TX 76234

    For Sale
    $399,000

    Highway frontage, 2 acres, 4 bedrooms

    Property size:
    2,170 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 2,170 square foot office building presents a unique opportunity for business owners seeking a combined work and residential space. Situated on a generous 2.04-acre lot with 430 feet of highway frontage on Highway 287 in Decatur, Texas, this property offers unparalleled visibility and accessibility. The main building boasts a spacious office area, complemented by a comfortable four-bedroom, two-bathroom residence. Modern amenities include granite countertops and Whirlpool appliances, enhancing both functionality and aesthetic appeal. The home features a sunroom and a convenient utility room, adding to its livability. The property is equipped with a water softener system connected to a water well and a conventional septic system, ensuring efficient and reliable utilities. Mature trees and landscaping create a serene and inviting atmosphere. A fenced backyard provides privacy and security, while ample extra parking and a pasture area offer additional space for various uses. This versatile property is ideal for entrepreneurs seeking a blend of professional and personal space, offering both a thriving business location and a comfortable home environment. The property's prime location and extensive features make it a truly exceptional investment opportunity.

    Property Features for 1950 Highway 287

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,170 SF
    Lot Size
    88,862 SF

    Building Details

    Year Built
    1982
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Clothing Store Auto Parts Store Food Market HVAC Service Cafe & Coffee Shop Women's Store Pawn Shop Veterinary Clinic Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.61106
    Latitude
    33.26037

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    FAQs

    What type of property is this?
    Office Property Space - Highway frontage, 2 acres, 4 bedrooms
    Where is this office property space located?
    The property is located at 1950 Highway 287 Decatur, TX.
    What is the asking price?
    The asking price for this property is $399,000.
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    1950 Highway 287 Decatur, TX 76234
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    Decatur, TX 76234
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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
    1950 Highway 287 Decatur, TX 76234
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