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    671 Hondo Ave Devine, TX 78016

    For Sale
    $353,881

    0.677 Acres, High-Traffic Area, $12/SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.677-acre commercial land tract presents a unique investment opportunity in Devine, Texas. Located at 671 E Hondo Ave, this property boasts a prime location, situated just off Interstate 35 South on E Hondo Ave/Highway 173, and east of Highway 132. Its strategic placement offers unparalleled visibility and accessibility, placing it within close proximity to a thriving commercial hub. The land is approximately 500 feet from the IH-35 intersection, ensuring high traffic volume and exposure to a large customer base. Neighboring businesses include a Walmart Supercenter, a convenience store with a Chevron gas station and McDonald's, a Sonic Drive-in, and the Triple C Restaurant, all contributing to a robust and growing retail environment. The property is zoned for Class H Business Commercial District within the City of Devine, offering flexibility for a variety of commercial uses. The asking price is $353,881.44, translating to a land value of $12 per square foot. This represents a compelling investment opportunity in a rapidly developing area with significant potential for future growth and return. The property's proximity to major retailers and high traffic counts makes it an ideal location for a variety of commercial ventures.

    Property Features for 671 Hondo Ave

    General Information

    Property type
    Land
    Lot Size
    29,490 SF

    HighLights

    • 0.677‑acre commercial lot in Devine, TX, located 500 feet from I‑35 intersection.
    • Adjacent to major retailers including Walmart, McDonald's, Chevron, Sonic, and Triple C Restaurant.
    • High visibility and accessibility due to I‑35 and Highway 173 frontage.
    • Zoned for Class H Business Commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Devine
    County
    Medina
    State
    Texas
    Longitude
    -98.897407084406
    Latitude
    29.133136780522

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    FAQs

    What type of property is this?
    Land - 0.677 Acres, High-Traffic Area, $12/SF
    Where is this land located?
    The property is located at 671 Hondo Ave Devine, TX.
    What is the asking price?
    The asking price for this property is $353,881.
    What are key features of this property?
    This property features: 0.677-acre commercial lot in Devine, TX, located 500 feet from I-35 intersection.; Adjacent to major retailers including Walmart, McDonald's, Chevron, Sonic, and Triple C Restaurant.; High visibility and accessibility due to I-35 and Highway 173 frontage.
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    671 Hondo Ave Devine, TX 78016
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    Devine, TX 78016
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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
    671 Hondo Ave Devine, TX 78016
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