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    308 Mississippi St Floydada, TX 79235

    For Sale
    $30,000

    Prime Redevelopment Opportunity: Vacant, 37,497 SF Lot

    Property size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional mixed-use property, located at 308 & 310 East Mississippi Street in Floydada, Texas, presents a unique redevelopment opportunity. The 37,497 square foot lot encompasses three parcels and four lots, offering significant potential for various commercial or religious uses. The existing structure, built in 1955, totals 1,600 square feet and is currently vacant. Previously utilized as a church, this property offers a blank canvas for creative vision. The asking price is $30,000, translating to $1.07 per square foot. Situated in a thriving community within Floyd County, this location provides excellent visibility and accessibility. The property's size and zoning allow for a wide range of development possibilities, making it an attractive investment for both developers and entrepreneurs seeking a strategic location in Floydada, Texas, zip code 79235. The property's history as a church adds character and potential for adaptive reuse. This is a rare opportunity to acquire a substantial land parcel in a desirable location with significant upside potential. The property is ready for its next chapter, offering a chance to shape the future of this vibrant community.

    Property Features for 308 Mississippi St

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    1,600 SF

    Building Details

    Year Built
    1955

    HighLights

    • Built in 1955
    • Mixed‑Use Zoning
    • 7,600 square foot building
    • 37,497 square foot lot
    • Asking price: $40,000
    • Price per square foot: $5.26
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Floydada
    County
    Floyd
    State
    Texas
    Longitude
    -101.3309105
    Latitude
    33.9829763

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    Nearby Similar for Sale

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      1,472 SF

      Floydada Dental Office For Sale

      Well-maintained dental office building in Floydada, Texas, suitable for various uses.
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      Floydada Office Building - Great Value

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    FAQs

    What type of property is this?
    Church & religious facility - Prime Redevelopment Opportunity: Vacant, 37,497 SF Lot
    Where is this church & religious facility located?
    The property is located at 308 Mississippi St Floydada, TX.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Built in 1955; Mixed-Use Zoning; 7,600 square foot building
    Request Owner's contact information
    308 Mississippi St Floydada, TX 79235
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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 Mississippi St Floydada, TX 79235
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