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    703 Rockwall Ave Terrell, TX 75160

    For Sale
    $116,400

    Prime Terrell location, large retail lot.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 0.33-acre lot, located at 703 N Rockwall Avenue in Terrell, Texas, presents a remarkable opportunity for retail development. The property boasts a substantial 14,550 square feet of land, ideally suited for a variety of commercial ventures. Its strategic location within the city of Terrell offers excellent visibility and accessibility, ensuring high potential for attracting customers. The lot is already zoned for retail use, eliminating the need for lengthy and potentially costly rezoning processes, streamlining the development timeline and reducing upfront investment. This significantly reduces the hurdles typically associated with new commercial construction, making it an attractive proposition for investors and developers alike. The asking price of $116,400 represents a compelling value for a property of this size and zoning in a growing Texas market. This is a rare chance to acquire a ready-to-develop retail site in a desirable location, offering significant potential for substantial return on investment. Serious inquiries are encouraged to explore this exciting opportunity further. The property's size and zoning make it suitable for a range of retail concepts, from smaller boutique shops to larger retail establishments. Its location within Terrell provides access to a thriving community and a strong customer base. Don't miss this chance to secure a prime piece of commercial real estate in a dynamic Texas market.

    Property Features for 703 Rockwall Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    14,375 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Dubose Funeral Home Funeral Home

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.27985
    Latitude
    32.7437

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Terrell location, large retail lot.
    Where is this commercial real estate located?
    The property is located at 703 Rockwall Ave Terrell, TX.
    What is the asking price?
    The asking price for this property is $116,400.
    Request Owner's contact information
    703 Rockwall Ave Terrell, TX 75160
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    Terrell, TX 75160
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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
    703 Rockwall Ave Terrell, TX 75160
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