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    Pleasant Grove Rd Texarkana, TX 75503

    Sponsored
    For Sale
    Contact for pricing

    65-acre tract, ideal multi-family development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 65.16-acre land parcel presents a remarkable investment opportunity in Texarkana, Texas. Strategically located just north of Interstate 30, and situated along the Gibson Lane extension to Kings Highway, east and west of Pleasant Grove Road, this property boasts unparalleled accessibility and visibility. Its prime location offers proximity to a thriving retail corridor, featuring over one million square feet of established commercial development, including major retailers such as Walmart, Target, Starbucks, Home Depot, Best Buy, and a Cinemark 14 movie theater. The property's potential is further enhanced by its adjacency to Encore Waggoner Creek, a 168-unit market-rate apartment complex, and the Texarkana Independent School District's Waggoner Creek Elementary School (opened August 2016). This advantageous location makes it exceptionally well-suited for multi-family residential development, including senior housing, capitalizing on the strong demand and established infrastructure. The land is priced at $2.50 per square foot. The property's address is Pleasant Grove Rd, Texarkana, TX 75503, within Bowie County. This is a rare opportunity to acquire a significant land holding in a rapidly growing area with excellent access to major transportation routes and a wealth of amenities.

    Property Features for 0 Pleasant Grove Rd

    General Information

    Property type
    Land
    Lot Size
    2,838,370 SF

    HighLights

    • Prime location just north of I‑30, between Pleasant Grove Road and Kings Highway, via the Gibson Lane extension.
    • 65.16‑acre tract.
    • Excellent site for multifamily and senior housing development.
    • One mile west of a major retail center (1M+ SF) anchored by Walmart, Target, and other national retailers.
    • Adjacent to a 168‑unit apartment complex and a new elementary school.
    • $2.50 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.115521
    Latitude
    33.4671967

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    FAQs

    What type of property is this?
    Land - 65-acre tract, ideal multi-family development.
    Where is this land located?
    The property is located at Pleasant Grove Rd Texarkana, TX.
    What are key features of this property?
    This property features: Prime location just north of I-30, between Pleasant Grove Road and Kings Highway, via the Gibson Lane extension.; 65.16-acre tract.; Excellent site for multifamily and senior housing development.
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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
    Pleasant Grove Rd Texarkana, TX 75503
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