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    945 Highway 67 Alvarado, TX 76009

    Sponsored
    For Sale
    $1,834,000

    6.55 Acres, Commercial Zoning, Multi-Family Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 6.55-acre property, located at 945 E Hwy. 67 in Alvarado, Texas, presents a unique investment opportunity. Zoned for commercial use, this land offers significant potential for various developments. The property boasts convenient access and high visibility from Highway 67, ensuring excellent exposure for any future business. The existing zoning allows for multi-family residential construction, making it ideal for apartments or townhomes. With two-way access, the site provides ease of ingress and egress for both residents and customers. Situated in Johnson County, Texas, zip code 76009, this location offers a blend of accessibility and a desirable community setting. The asking price is $1,834,000. The property consists of one building on the land, making it a blank canvas for a developer's vision. Its strategic location and versatile zoning make this a highly attractive proposition for investors seeking a prime piece of land with significant development potential in a growing Texas market. The latitude and longitude coordinates are 32.416826 and -97.2019393 respectively. This is a rare opportunity to acquire a substantial parcel of land with excellent highway frontage in a thriving area.

    Property Features for 945 Highway 67

    General Information

    Property type
    Land
    Lot Size
    285,318 SF

    Building Details

    Buildings
    1

    HighLights

    • Excellent Highway 67 frontage and visibility.
    • Dual access points for convenient ingress and egress.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Storage Facility HVAC Service Bar & Pub Smoke and Vape Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.2019393
    Latitude
    32.416826

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    FAQs

    What type of property is this?
    Land - 6.55 Acres, Commercial Zoning, Multi-Family Potential
    Where is this land located?
    The property is located at 945 Highway 67 Alvarado, TX.
    What is the asking price?
    The asking price for this property is $1,834,000.
    What are key features of this property?
    This property features: Excellent Highway 67 frontage and visibility.; Dual access points for convenient ingress and egress.;
    Request Owner's contact information
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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
    945 Highway 67 Alvarado, TX 76009
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