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    308 College St West, TX 76691

    For Sale
    $795,000

    1.2-acre lot, high traffic, prime retail location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.2-acre commercial land parcel presents a remarkable investment opportunity on the northbound frontage road of Interstate 35 in West, Texas. Boasting a highly desirable location across from Slovacek's and near the Czech Stop, this property benefits from exceptionally high traffic volume exceeding 77,000 vehicles daily. Its strategic positioning makes it ideal for various retail uses, particularly fast food establishments. The area demonstrates strong growth potential, evidenced by the recent construction of a new McDonald's less than a mile away and a Starbucks currently under construction nearby. West, Texas itself is experiencing rapid residential development, further enhancing the property's long-term value. Adding to its appeal, this property is situated within a designated Heart of Texas Opportunity Zone, offering significant tax incentives. These include a temporary tax deferral, a step-up in basis for capital gains reinvested in a qualified Opportunity Zone Fund, and a potential permanent exclusion from taxable income on capital gains from the sale or exchange of an investment in a qualified Opportunity Zone Fund, provided the investment is held for at least 10 years. The property includes McLennan County Appraisal District (MCAD) property IDs 202742, 202757, 202753, and 202744. The asking price for this prime commercial land is $795,000.

    Property Features for 308 College St

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • 1.2‑acre commercial land parcel on I‑35's northbound frontage road in West, Texas.
    • High‑traffic location (77,000+ vehicles daily) across from Slovacek's and near the Czech Stop.
    • Ideal for fast‑food restaurants and other retail uses.
    • Strong growth potential, with nearby new McDonald's and Starbucks under construction.
    • Located in a Heart of Texas Opportunity Zone, offering significant tax incentives.
    • Asking price: $795,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Gym & Fitness Department Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West
    County
    McLennan
    State
    Texas
    Longitude
    -97.100309
    Latitude
    31.799899

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    FAQs

    What type of property is this?
    Land - 1.2-acre lot, high traffic, prime retail location.
    Where is this land located?
    The property is located at 308 College St West, TX.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 1.2-acre commercial land parcel on I-35's northbound frontage road in West, Texas.; High-traffic location (77,000+ vehicles daily) across from Slovacek's and near the Czech Stop.; Ideal for fast-food restaurants and other retail uses.
    (254) 870-8829
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    308 College St West, TX 76691
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    West, TX 76691
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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
    308 College St West, TX 76691
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