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    602 Walton Dr Texarkana, TX 75501

    For Sale
    $1,028,713

    Prime 2.32-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.32-acre commercial land parcel presents a remarkable investment opportunity in Texarkana, Texas. Strategically located at the intersection of I-30 and Interstate 369, this property boasts high visibility and accessibility. The site is divided into two tracts. One 1.968-acre lot sits prominently in front of Ivan Smith Furniture and adjacent to Lowe's, commanding a price of $12.00 per square foot. This prime location benefits from the strong presence of major retailers including Walmart Supercenter, Ashley Furniture, Bedding Mart, Hank's Furniture, Texarkana Harley-Davidson, Classic Kia, Dodge-Chrysler-Jeep, Academy Sports, and Country Inn and Suites. Further enhancing its appeal, the property enjoys proximity to other significant businesses along Interstate-30, such as Best Buy, Home Depot, Texas Roadhouse, Lonestar Steakhouse, and On The Border. The asking price for the entire 2.32-acre property is $1,028,713, with a land value ranging from $4.20 to $12.00 per square foot, depending on the specific tract. This presents a unique chance to capitalize on a high-traffic area with established anchors and significant growth potential. The property is located at 602 Walton Dr, Texarkana, TX 75501, in Bowie County.

    Property Features for 602 Walton Dr

    General Information

    Property type
    Land
    Lot Size
    101,059 SF

    HighLights

    • $1,028,713 asking price for 2.32 acres of commercial land.
    • Located in Texarkana, TX, at the intersection of I‑30 and I‑369.
    • Two parcels available; one 1.968‑acre lot priced at $12/SF, situated in front of Ivan Smith Furniture and adjacent to Lowe's.
    • Land value ranges from $4.2 to $12 per square foot.
    • Excellent location with strong surrounding retail anchors including Walmart Supercenter, Lowe's, Ashley Furniture, and other national retailers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ashley Store Furniture Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.098849678524
    Latitude
    33.449262016122

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    FAQs

    What type of property is this?
    Land - Prime 2.32-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 602 Walton Dr Texarkana, TX.
    What is the asking price?
    The asking price for this property is $1,028,713.
    What are key features of this property?
    This property features: $1,028,713 asking price for 2.32 acres of commercial land.; Located in Texarkana, TX, at the intersection of I-30 and I-369.; Two parcels available; one 1.968-acre lot priced at $12/SF, situated in front of Ivan Smith Furniture and adjacent to Lowe's.
    (903) 793-2666
    Request Owner's contact information
    602 Walton Dr Texarkana, TX 75501
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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
    602 Walton Dr Texarkana, TX 75501
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