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    56 11.406 Acres Hwy Whitesboro, TX 76273

    For Sale
    $1,200,000

    Texas farmland with commercial potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 11.406-acre property in Whitesboro, Texas, presents a unique investment opportunity. Located on Highway 56, it boasts over 410 feet of highway frontage, offering significant visibility and accessibility. The property's zoning permits agricultural use, but its strategic location, approximately 1.5 miles west of the future Collins Road tollway, makes it highly attractive for commercial development. While a portion (approximately 3 acres) on the east side is designated as flood plain (per survey available), the remaining acreage offers substantial potential. The Texas Department of Transportation (TxDOT) map indicates a right-of-way that allows access to the property. The asking price is $1,200,000. The Grayson County property is identified by APN 0000 and has a 76273 zip code. This land offers a blend of agricultural and commercial possibilities, making it an ideal investment for those seeking a versatile property with excellent location and future growth potential. Detailed survey information is available upon request. This is a rare opportunity to acquire a significant land parcel in a rapidly developing area.

    Property Features for 56 11.406 Acres Hwy

    General Information

    Property type
    Farms
    Lot Size
    496,845 SF

    HighLights

    • $1,200,000 asking price.
    • 11.406‑acre land parcel.
    • Agricultural and commercial zoning permitted.
    • Located at 11.406 Acres HWY 56, Whitesboro, TX 76273.
    • Over 410 feet of highway frontage on Hwy 56.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.9199546
    Latitude
    33.6848803

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    FAQs

    What type of property is this?
    Farm - Texas farmland with commercial potential
    Where is this farm located?
    The property is located at 56 11.406 Acres Hwy Whitesboro, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 11.406-acre land parcel.; Agricultural and commercial zoning permitted.
    Request Owner's contact information
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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

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    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
    56 11.406 Acres Hwy Whitesboro, TX 76273
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