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    506 3Rd St Mabank, TX 75147

    For Sale
    $1,395,000

    Prime Commercial Land, High Visibility, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.28-acre commercial land parcel in Mabank, Texas, presents a unique investment opportunity. Located in a prime commercial zone and designated Opportunity Zone, this property boasts exceptional visibility from Highways 175 and 198, ensuring high traffic exposure. The land includes three convenient access points from Highway 198, First Street, and Jeter Street. The property comprises three tracts (Kaufman CAD 2292, 2312, and 2313). Tracts 2312 and 2313 have been cleared, while tract 2292 features a mixed-use building (half metal, half brick and mortar). This strategic location is surrounded by established businesses including Jack in the Box, McDonald's, and Shell, and is near three area schools, benefiting from high daily traffic and strong community presence. The property's size and location make it ideal for a variety of commercial developments, capitalizing on the area's rapid growth in both residential and commercial sectors. This is the only currently available land for sale on Highway 198 on the Mabank side with this level of visibility from Highway 175. The asking price is $1,395,000. The owners are Malinda and Kenneth Barton.

    Property Features for 506 3Rd St

    General Information

    Property type
    Land
    Lot Size
    55,757 SF

    HighLights

    • Exceptional Hwy 198 visibility with three convenient access points from Hwy 198, First Street, and Jeter Street.
    • 1.28‑acre lot providing ample space for development.
    • Prime location directly adjacent to a Jack in the Box, benefiting from high traffic counts.
    • Situated in a rapidly expanding area with strong residential and commercial growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant 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
    Mabank
    County
    Kaufman
    State
    Texas
    Longitude
    -96.098813187713
    Latitude
    32.37096705217

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility, Opportunity Zone
    Where is this land located?
    The property is located at 506 3Rd St Mabank, TX.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Exceptional Hwy 198 visibility with three convenient access points from Hwy 198, First Street, and Jeter Street.; 1.28-acre lot providing ample space for development.; Prime location directly adjacent to a Jack in the Box, benefiting from high traffic counts.
    Request Owner's contact information
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    Mabank, TX 75147
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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
    506 3Rd St Mabank, TX 75147
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