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    402 Carter Spur Troy, TX 76579

    For Sale
    $438,000

    2-Acre Commercial Lot, I-35 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.012-acre commercial land parcel presents a remarkable investment opportunity in Troy, Texas. Strategically located at 402 Carter Spur, this property boasts unparalleled visibility and easy access from Interstate 35, a major transportation artery. The land is situated within the Troy city limits, providing convenient access to municipal services and amenities. Its proximity to larger cities is also a key advantage, with Temple approximately 8 miles away and Waco just 28 miles distant. The property is zoned MF-2, permitting multi-family development, making it ideal for apartments, townhouses, or other multi-unit residential projects. A significant benefit is the minimal flood-prone area located only in the rear of the property. The surrounding area is well-established, with neighbors including Troy schools, Keith Ace Hardware, and Subway, indicating a thriving and supportive community. This property offers a unique blend of accessibility, zoning potential, and a desirable location, making it an attractive proposition for developers seeking a prime location for a multi-family project. The asking price for this exceptional opportunity is $438,000. This is a rare chance to acquire a well-positioned commercial lot with significant development potential in a growing Texas community.

    Property Features for 402 Carter Spur

    General Information

    Property type
    Land
    Lot Size
    87,643 SF

    HighLights

    • High‑visibility location with easy I‑35 access.
    • Located within Troy city limits, offering convenient access to municipal services.
    • Close proximity to Temple (8 miles) and Waco (28 miles).
    • Multi‑family zoning (MF‑2), ideal for apartments or townhomes.
    • Minimal flood plain impact, primarily in the rear of the property.
    • Desirable location near Troy schools, Keith Ace Hardware, and Subway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Bell
    State
    Texas
    Longitude
    -97.3063695
    Latitude
    31.2040101

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    FAQs

    What type of property is this?
    Land - 2-Acre Commercial Lot, I-35 Visibility
    Where is this land located?
    The property is located at 402 Carter Spur Troy, TX.
    What is the asking price?
    The asking price for this property is $438,000.
    What are key features of this property?
    This property features: High-visibility location with easy I-35 access.; Located within Troy city limits, offering convenient access to municipal services.; Close proximity to Temple (8 miles) and Waco (28 miles).
    (254) 741-1500
    Request Owner's contact information
    402 Carter Spur Troy, TX 76579
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    Troy, TX 76579
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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
    402 Carter Spur Troy, TX 76579
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