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    3025 Pleasant Grove Rd Texarkana, TX 75503

    Sponsored
    For Sale
    Contact for pricing

    Prime Texarkana land, ideal for multifamily development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.3-acre parcel of land presents a remarkable opportunity for multifamily or senior housing development in Texarkana, Texas. Located at 3025 Pleasant Grove Rd, 75503, this property boasts a convenient location just north of Interstate 30 and west of Pleasant Grove Road, along the completed Gibson Lane extension to Kings Highway. The permitted zoning is Single/Two-Family Development, making it perfectly suited for a variety of residential projects. The site's strategic position offers easy access to major transportation routes, enhancing its appeal to potential residents. Furthermore, the property benefits from its proximity to established amenities and infrastructure. It is neighbored by Encore Waggoner Creek, a thriving 168-unit market-rate apartment complex, and the Texarkana Independent School District's new Waggoner Creek Elementary School, providing a strong foundation for a successful development. The land is priced at $2.50 per square foot, representing a compelling investment opportunity in a rapidly growing area. The lot size is approximately 9.2 to 9.4 acres, offering ample space for a substantial residential development. This property is an excellent choice for developers seeking a prime location with strong potential for high returns.

    Property Features for 3025 Pleasant Grove Rd

    General Information

    Property type
    Land
    Lot Size
    400,752 SF

    HighLights

    • 9.3‑acre development site in Texarkana, TX, zoned for single/two‑family residential.
    • Located at 3025 Pleasant Grove Rd, 75503, near I‑30 and Pleasant Grove Rd.
    • Adjacent to a 168‑unit apartment complex and a new elementary school.
    • Priced at $2.50/sq ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.1224979
    Latitude
    33.461672

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    FAQs

    What type of property is this?
    Land - Prime Texarkana land, ideal for multifamily development.
    Where is this land located?
    The property is located at 3025 Pleasant Grove Rd Texarkana, TX.
    What are key features of this property?
    This property features: 9.3-acre development site in Texarkana, TX, zoned for single/two-family residential.; Located at 3025 Pleasant Grove Rd, 75503, near I-30 and Pleasant Grove Rd.; Adjacent to a 168-unit apartment complex and a new elementary school.
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    3025 Pleasant Grove Rd Texarkana, TX 75503
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    Texarkana, TX 75503
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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
    3025 Pleasant Grove Rd Texarkana, TX 75503
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