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    1507 Salem Rd Victoria, TX 77904

    Sponsored
    For Sale
    $299,900

    1.94 Acres, Central Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.94-acre commercial land parcel presents a compelling investment opportunity in Victoria, Texas. Located at 1507 Salem Road, zip code 77904, this property enjoys a highly desirable central location. Its proximity to a variety of amenities significantly enhances its value and potential. Businesses will benefit from the convenient access to shopping centers, financial institutions, educational facilities, and healthcare services. The property's size offers considerable flexibility for a wide range of commercial developments, catering to diverse business needs. The address is easily accessible, ensuring high visibility and convenient customer access. This strategically positioned land offers significant potential for growth and return on investment, making it an attractive proposition for discerning investors seeking a prime location in a thriving Texas market. The property is zoned for commercial use (verification of zoning with local authorities is recommended). Given its size and location, this land is suitable for a variety of commercial ventures. Serious inquiries are encouraged.

    Property Features for 1507 Salem Rd

    General Information

    Property type
    Land

    HighLights

    • $299,900 asking price.
    • 1.94‑acre commercial land parcel.
    • Located at 1507 Salem Road, Victoria, TX 77904.
    • Prime location near shopping, banking, schools, and medical facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9873829
    Latitude
    28.8547108

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    FAQs

    What type of property is this?
    Land - 1.94 Acres, Central Location, High Potential
    Where is this land located?
    The property is located at 1507 Salem Rd Victoria, TX.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: $299,900 asking price.; 1.94-acre commercial land parcel.; Located at 1507 Salem Road, Victoria, TX 77904.
    (361) 541-4100
    Request Owner's contact information
    1507 Salem Rd Victoria, TX 77904
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    Victoria, TX 77904
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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
    1507 Salem Rd Victoria, TX 77904
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