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    332 1St St Springtown, TX 76082

    For Sale
    $1,950,000

    5.63 Acres, High-Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5.63-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding Springtown, Texas market. Located at 332 W 1st St, Springtown, TX 76082, this property boasts a highly desirable Commercial zoning designation, opening doors to a diverse range of development possibilities. The zoning permits the construction of hotels, townhomes, and retail spaces, catering to the area's burgeoning demand for new commercial and residential options. The current asking price is $1,950,000. Existing structures on the property generate an approximate annual income of $80,000, offering immediate return potential alongside future development prospects. Situated at the Northwest corner of Highway 199 and 1st Street, this location provides excellent visibility and accessibility, ensuring high traffic flow and strong potential for attracting businesses and residents. This is an ideal site for developers seeking to capitalize on Springtown's robust growth trajectory, whether focusing on retail development or residential construction. The property's size and zoning flexibility make it a truly unique and compelling investment opportunity in a thriving Texas market. Don't miss this chance to secure a prime piece of land in one of the state's fastest-growing areas.

    Property Features for 332 1St St

    General Information

    Property type
    Land
    Lot Size
    245,243 SF

    HighLights

    • Excellent development opportunity for retail or townhomes.
    • Strong current income of approximately $80,000 annually from existing retail building and home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cigar Plus Vape Tobacco Shop Bitcoin ATM Springtown ... Atm U-Haul Neighborhood Dealer Truck Rental Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.6902118
    Latitude
    32.9651147

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    FAQs

    What type of property is this?
    Land - 5.63 Acres, High-Growth Area
    Where is this land located?
    The property is located at 332 1St St Springtown, TX.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Excellent development opportunity for retail or townhomes.; Strong current income of approximately $80,000 annually from existing retail building and home.;
    (214) 526-3626
    Request Owner's contact information
    332 1St St Springtown, TX 76082
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    Springtown, TX 76082
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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
    332 1St St Springtown, TX 76082
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