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    670 Fm 501E Hwy Cherokee, TX 76832

    For Sale
    $250,000

    High-traffic potential, build your business!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 0.46-acre commercial lot presents a unique investment opportunity in the thriving town of Cherokee, Texas. Strategically located on Highway FM 501E, this property enjoys high visibility and accessibility, situated just 16 miles from both Llano and San Saba. The area is experiencing significant growth, with nearby ranches undergoing subdivision and sale, promising increased traffic flow in the coming years. The absence of a gas station within Cherokee makes this lot ideally suited for a business catering to travelers and locals alike, offering a convenient pit stop for fuel, snacks, and other necessities. The property's potential is further enhanced by the likely presence of a high-capacity water well (estimated at 100 gallons per minute) and ample space for septic installation, simplifying the development process. The presence of a local school contributes to the town's consistent activity and population. This is a rare chance to establish a business in a rapidly developing area with strong potential for return on investment. The property's location offers easy access to Colorado Bend State Park, just 15 miles to the east, further increasing potential customer traffic. This prime commercial lot is priced at $250,000 and represents a compelling opportunity for entrepreneurs seeking a strategic location in a growing Texas market.

    Property Features for 670 Fm 501E Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    20,038 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cherokee
    County
    San Saba
    State
    Texas
    Longitude
    -98.69884
    Latitude
    30.97983

    Nearby Comparable

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      Land in Cherokee, Texas

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      Legacy Ranch in Cherokee, Texas

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      Llano Farm For Sale

      27-acre farm with a 3,481 square foot property.
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      San Saba Land with Oak Trees

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    Nearby Similar for Sale

    • $1,800,000
      91.60 Acres

      Legacy Ranch in Cherokee, Texas

      91-acre ranch with mature trees, springs, and AG exemption.
      Tbd Crk 226, Cherokee, TX 76832
      View Details
    • $139,000
      0.24 Acres

      Historic Texas Building on Highway

      Iconic rock building with highway frontage and original contents.
      117 W Cherokee St, Cherokee, TX 76832
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic potential, build your business!
    Where is this commercial real estate located?
    The property is located at 670 Fm 501E Hwy Cherokee, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    (325) 248-0818
    Request Owner's contact information
    670 Fm 501E Hwy Cherokee, TX 76832
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    Cherokee, TX 76832
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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
    670 Fm 501E Hwy Cherokee, TX 76832
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