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    420-421 Century Way Red Oak, TX 75154

    For Sale
    $750,000

    Two 1-acre lots, I-35 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional offering presents two contiguous one-acre commercial lots ideally situated on Century Way in Red Oak, Texas, within Ellis County. Boasting high visibility and accessibility due to its prime location along I-35, these parcels benefit from significant daily traffic counts exceeding 57,000 vehicles. The flat topography simplifies development, minimizing site preparation costs and expediting construction timelines. Each lot is priced at $750,000, and the seller is open to selling them individually or as a combined package. The property's address is 420-421 Century Way, Red Oak, TX 75154. Utilities are readily available, making this an attractive opportunity for a variety of commercial ventures. The combined acreage totals two acres, providing ample space for substantial development. This location offers unparalleled exposure to a large and consistent flow of traffic, making it an ideal site for businesses seeking high visibility and accessibility. The asking price for the entire property is $750,000, representing a compelling investment opportunity in a rapidly growing Texas market. Serious inquiries are encouraged.

    Property Features for 420-421 Century Way

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Two 1‑acre commercial lots.
    • High‑traffic I‑35 frontage with 57,000 vehicles daily.
    • Priced at $750,000 each.
    • Level topography with available utilities.
    • Available for sale individually or as a portfolio.
    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 Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Ellis
    State
    Texas
    Longitude
    -96.8206577
    Latitude
    32.5249929

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    FAQs

    What type of property is this?
    Land - Two 1-acre lots, I-35 frontage.
    Where is this land located?
    The property is located at 420-421 Century Way Red Oak, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Two 1-acre commercial lots.; High-traffic I-35 frontage with 57,000 vehicles daily.; Priced at $750,000 each.
    Request Owner's contact information
    420-421 Century Way Red Oak, TX 75154
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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
    420-421 Century Way Red Oak, TX 75154
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