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Property profile

1841 Fm 856 Troup, TX 75789

OFF-MARKET
Land
Property ID
US83-2659109
22.15 ac lot
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Property summary

AI-generated overview

This exceptional 22.15-acre property in Troup, Cherokee County, Texas, presents a unique investment opportunity. Located on FM 856, the land boasts over 908 feet of road frontage, ensuring high visibility and accessibility. The property previously served as a plant farm and includes a substantial existing structure: a 30x60 metal building. Additionally, there's a significant greenhouse area exceeding 100 square feet, comprised of 30+ partial greenhouses, offering considerable potential for agricultural ventures or repurposing. While the property has been dormant for over three years, this presents a blank canvas for redevelopment. The property's zoning and permitted uses should be independently verified. A legal access easement is in place for the adjacent landowner. The property's location in the charming South Troup area, just north of New Summerfield, offers a tranquil setting with easy access to local amenities. This expansive acreage is ideal for a variety of uses, from residential development to commercial ventures, making it an attractive investment for those seeking a large-scale project in a desirable Texas location. The zip code is 75789, and the address is 1841 FM 856. The asking price is $230,000.

Property profile

Verified
Property type Land
Lot 22.15 ac (964,854 SF)
UPID US83-2659109

Cap rate & NOI

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

Location

1841 Fm 856 Troup, TX 75789
Troup metro
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Value estimations

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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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