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    114 Church Ave Troy, TX 76579

    For Sale
    $2,135,746

    4.9 Acres, Prime Location, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This ±4.903-acre commercial land assemblage in Troy, Texas, presents a unique redevelopment opportunity. Located on Church Avenue, just off IH-35, this property boasts approximately 360 feet of road frontage and three existing ingress/egress points. The site benefits from city utilities including 10" water and sewer lines along Church Avenue, with additional 8" sewer at the rear. Zoned General Business (GB), it allows for diverse commercial uses including retail, hospitality, and mixed-use development. The gently sloping topography features a seasonal creek at the rear. While approximately 0.4 acres fall within a flood hazard area (a mix of 100-year, 500-year, and floodway zones), the majority of the land is suitable for development. The property is not under open space or special use valuation and is not ag-exempt. Existing structures include three residences (1,500 sq ft, 1,253 sq ft, and 1,708 sq ft) per Bell County CAD records. The location offers excellent visibility from IH-35, regional convenience between Waco and Temple, and proximity to Austin and Dallas. Several new residential neighborhoods are under development in Troy, creating a strong demand for local retail amenities. The low commercial vacancy rate and the influx of large employers (including FedEx and Meta) into nearby Temple's industrial park further enhance the investment potential. The asking price is $2,135,746, with a land value of $10 per square foot. APN: 71329, 124708 & 71331.

    Property Features for 114 Church Ave

    General Information

    Property type
    Land
    Lot Size
    213,575 SF

    HighLights

    • $2,135,746 asking price for 4.903 acres of commercial land.
    • General Business zoning.
    • $10/SF land value.
    • Located at 114 Church Ave, Troy, TX 76579, with good visibility from IH‑35.
    • City utilities available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Bell
    State
    Texas
    Longitude
    -97.304006118037
    Latitude
    31.20561082136

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    FAQs

    What type of property is this?
    Land - 4.9 Acres, Prime Location, High Visibility
    Where is this land located?
    The property is located at 114 Church Ave Troy, TX.
    What is the asking price?
    The asking price for this property is $2,135,746.
    What are key features of this property?
    This property features: $2,135,746 asking price for 4.903 acres of commercial land.; General Business zoning.; $10/SF land value.
    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
    114 Church Ave Troy, TX 76579
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