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    515 Mcdonald St Hillsboro, TX 76645

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    For Sale
    $110,000

    Prime commercial land near I-35 with redevelopment or reuse options.

    Lot size:
    0.25 Acres

    Property Features for 515 Mcdonald St

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1945

    Source: CENTURY 21 Judge Fite Company Agent Michael Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land with Redevelopment Potential

    This 0.25-acre commercial property is located just off Corsicana Highway, a busy corridor leading directly to I-35. Zoned commercial, the site offers visibility and accessibility. It includes a 2-bedroom, 1-bath home with historic character that could be adapted for certain businesses. Alternatively, the property can be cleared for new development. The location benefits from high traffic counts in a growing area, offering commercial potential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Hill
    State
    Texas
    Longitude
    -97.12184
    Latitude
    32.006203

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land near I-35 with redevelopment or reuse options.
    Where is this commercial land located?
    The property is located at 515 Mcdonald St Hillsboro, TX.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: - Prime commercial location off Corsicana Highway with direct access to I-35.; - Zoned commercial with excellent visibility and accessibility.; - High traffic counts in a growing area.
    Request Owner's contact information
    515 Mcdonald St Hillsboro, TX 76645
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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
    515 Mcdonald St Hillsboro, TX 76645
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