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    1612 Chestnut St Lufkin, TX 75901

    For Sale
    $248,000

    Prime 3.34-acre lot, high visibility, near Loop 287.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 3.34-acre commercial lot presents a remarkable investment opportunity in Lufkin, Texas. Its strategic location on South Chestnut Street, directly across from the Chamber of Commerce, ensures unparalleled visibility and accessibility. The property boasts a high traffic count, with the Texas Department of Transportation reporting an Annual Average Daily Traffic (AADT) of 7,921 vehicles in 2023. This significant traffic volume translates to exceptional exposure for any business. The land itself is level and easily developed, minimizing site preparation costs. Its proximity to Loop 287 provides convenient access to major transportation routes, enhancing its appeal to a wide range of potential businesses. This prime location offers significant potential for a variety of commercial ventures, making it an ideal investment for those seeking high visibility and strong traffic flow. The property's size and location make it suitable for a range of developments, from retail spaces to office buildings or other commercial uses. The asking price of $248,000 represents a compelling opportunity to acquire a highly desirable commercial property in a thriving area. Don't miss this chance to secure a piece of Lufkin's commercial landscape.

    Property Features for 1612 Chestnut St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    145,490 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lufkin
    County
    Angelina
    State
    Texas
    Longitude
    -94.71182
    Latitude
    31.31703

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 3.34-acre lot, high visibility, near Loop 287.
    Where is this commercial real estate located?
    The property is located at 1612 Chestnut St Lufkin, TX.
    What is the asking price?
    The asking price for this property is $248,000.
    Request Owner's contact information
    1612 Chestnut St Lufkin, TX 75901
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    Lufkin, TX 75901
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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
    1612 Chestnut St Lufkin, TX 75901
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