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1111 E Main St Troy, TX 76579

Mixed-use properties Google Maps
0.79 ac lot Built 1901
Estimated value
No estimation on file for this property yet.
Property ID US82-2245613

Property summary

AI-generated overview

This exceptional .79-acre lot presents a compelling investment opportunity in the thriving city of Troy, Texas. Strategically located near existing residential areas and planned multi-family developments, this property enjoys a prime position for significant future growth. Its proximity to the downtown core ensures high visibility and accessibility, making it an attractive site for a variety of commercial ventures. The property is zoned for General Business, offering flexibility for diverse development plans, from retail spaces and restaurants to professional offices or mixed-use buildings. Essential utilities are readily available, simplifying the development process and minimizing upfront costs. The substantial size of the lot allows for ample space to accommodate a sizable building or complex, maximizing potential return on investment. Given the current market trends and the property's advantageous location, this .79-acre lot represents a rare chance to acquire a highly desirable piece of land with immense potential for future development and substantial financial returns. This is a unique opportunity to capitalize on the growth trajectory of Troy, Texas, and establish a thriving business in a vibrant and expanding community. The property's zoning and location make it an attractive proposition for both seasoned developers and new investors seeking a promising venture in a dynamic market.

Property profile

Verified
Property type Mixed-use properties
Year built 1901
Lot 0.79 ac (34,412 SF)
UPID US82-2245613

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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