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    300 Us Highway 271 Gilmer, TX 75644

    For Sale
    $725,000

    High-traffic commercial lot, 1.25 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1.25-acre commercial land parcel presents a remarkable investment opportunity in Gilmer, Texas. Strategically located at the high-traffic intersection of US Highway 271 and State Highway 300, this property boasts approximately 350 feet of highway frontage and 370 feet of city street frontage. Its prime location ensures maximum visibility and accessibility, with a traffic light directly at the property line, guaranteeing significant customer exposure. The level, raw land is ready for development, and all utilities are already in place. Adding to its appeal, this property includes a grandfathered billboard location, offering the potential for substantial passive income. Its proximity to Gilmer Junior High School further enhances its value, given the high volume of traffic generated by school events. This is one of the last remaining opportunities to acquire a commercial property with such advantageous features in this thriving location. The permitted zoning is commercial, and the property's APN is 3909. The asking price is $725,000. This property is owner-financed.

    Property Features for 300 Us Highway 271

    General Information

    Property type
    Land
    Lot Size
    54,450 SF

    HighLights

    • 1.25‑acre commercial lot in Gilmer, TX, at the high‑traffic intersection of US Hwy 271 and State Hwy 300.
    • Approximately 350' of highway frontage and 370' of city street frontage, with a traffic signal at the property line.
    • Level, ready‑for‑development land with all utilities available.
    • Grandfathered billboard location offering passive income potential.
    • Commercially zoned (APN 3909); $725,000, owner financing available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ark-La-Tex Guns and More Sporting Goods Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilmer
    County
    Upshur
    State
    Texas
    Longitude
    -94.941694028103
    Latitude
    32.71831288608

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    FAQs

    What type of property is this?
    Land - High-traffic commercial lot, 1.25 acres.
    Where is this land located?
    The property is located at 300 Us Highway 271 Gilmer, TX.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 1.25-acre commercial lot in Gilmer, TX, at the high-traffic intersection of US Hwy 271 and State Hwy 300.; Approximately 350' of highway frontage and 370' of city street frontage, with a traffic signal at the property line.; Level, ready-for-development land with all utilities available.
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    Gilmer, TX 75644
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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
    300 Us Highway 271 Gilmer, TX 75644
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