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    401 Newark St Decatur, TX 76234

    For Sale
    $495,000

    2.83 Acres, $495,000 - Build Your Dream

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 2.83-acre lot presents a unique opportunity for development in the thriving city of Decatur, Texas. Located at 401 N Newark Street, this expansive parcel offers significant potential for a variety of commercial or industrial ventures. The property's generous size allows for ample space for construction, parking, and potential future expansion. Its strategic location within Decatur provides easy access to major transportation routes, ensuring convenient connectivity for businesses and employees. The absence of existing structures on the land provides a blank canvas for customized development, allowing for complete design flexibility to meet specific project requirements. This is an ideal site for businesses seeking a prominent presence in a growing community. The asking price of $495,000 represents a compelling investment opportunity in a desirable location with high growth potential. Serious inquiries are encouraged to explore the possibilities this remarkable property offers. The property is zoned for commercial use, though buyers are advised to conduct their own due diligence to confirm zoning and permitted uses. This is a rare chance to acquire a substantial land parcel in a dynamic Texas market. Don't miss this chance to secure a prime location for your next project. The property is ready for immediate development, offering a streamlined path to realizing your business goals.

    Property Features for 401 Newark St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    123,275 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.57964
    Latitude
    33.23633

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    FAQs

    What type of property is this?
    Commercial real estate - 2.83 Acres, $495,000 - Build Your Dream
    Where is this commercial real estate located?
    The property is located at 401 Newark St Decatur, TX.
    What is the asking price?
    The asking price for this property is $495,000.
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    401 Newark St 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
    401 Newark St Decatur, TX 76234
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