For Sale
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Property summary
This exceptional 42.601-acre commercial land parcel in Greenville, Texas, presents a remarkable investment opportunity. Located within city limits, this property boasts 1178 feet of frontage on Wesley Street (State Hwy 34), offering unparalleled visibility and accessibility. Its strategic location is less than one mile from I-30 and 2.5 miles from FM 1570, ensuring convenient access for businesses and residents alike. The current zoning is Commercial-City, allowing for a wide range of development possibilities, including general retail, mixed-use, light industrial, and multi-family or single-family residential. The seller is willing to subdivide the property to accommodate various development plans. Utilities including water, sewer, and electric are readily available. The property has already undergone excavation, simplifying the development process. This area is experiencing rapid growth, with over 2500 homes under construction or planned within a two-mile radius, and new businesses are continually emerging nearby, including Wildcaters and Stainbeck commercial developments. The Texas Department of Transportation plans to widen Hwy 34, further enhancing accessibility and visibility. The current daily traffic count on Hwy 34 is between 23,000 and 25,000 vehicles. The asking price is $12,989,900, with a land value of $9.50 per square foot. This is a rare opportunity to acquire a large, high-visibility commercial tract in a thriving Texas market. 40.479 acres are currently zoned Commercial-Ag Exempt.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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