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    9508 Miflin St Cresson, TX 76035

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    For Sale
    $550,000

    Almost 2 acres in downtown Cresson with highway frontage.

    Lot size:
    1.90 Acres

    Property Features for 9508 Miflin St

    General Information

    Lot size
    1.90 Acres

    Building Details

    Year built
    1950

    Source: Elevate Realty Group Agent Eddie Funderburk

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

    Overview

    Prime Commercial Land in Cresson

    This investment property offers an outstanding location for a business venture. The property consists of two lots: 9508 Miflin St, Lot 1, comprising 0.7438 acres, and 9506 Miflin St, Lot 6, comprising 1.159 acres, totaling almost 2 acres. It features highway frontage on U.S. Hwy 171 and U.S. Hwy 377 in downtown Cresson. The property is being sold as commercial. There are three old houses of little value on the property, along with three septic systems and three underground propane tanks. Currently, Lot 1, which is next to Hwy 171, is zoned as Light Commercial, while Lot 6, located behind it, is zoned Residential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cresson
    County
    Hood
    State
    Texas
    Longitude
    -97.6792
    Latitude
    32.5325

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    FAQs

    What type of property is this?
    Commercial land - Almost 2 acres in downtown Cresson with highway frontage.
    Where is this commercial land located?
    The property is located at 9508 Miflin St Cresson, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime commercial location in downtown Cresson.; - Highway frontage on U.S. Hwy 171 and U.S. Hwy 377.; - Almost 2 acres of land.
    Request Owner's contact information
    9508 Miflin St Cresson, TX 76035
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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

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    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
    9508 Miflin St Cresson, TX 76035
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