This exceptional 10-acre property presents a unique investment opportunity in Chilton, Texas. Located just 20 minutes from Waco and within a reasonable driving distance of major Texas cities – approximately 1 hour 15 minutes from both Dallas and Austin, and 2 hours 30 minutes from Houston – this land offers unparalleled accessibility. The property boasts approximately 1,200 linear feet of frontage on Hwy 7, and is only 0.4 miles from Hwy 77, ensuring high visibility and convenient access. A natural tank and wet weather creek add to the property's appeal. Its proximity to a new Dollar Store at the intersection of Hwy 7 & CR 494N further enhances its commercial potential. While there are no existing water or electricity meters on the site, city water is available at the nearby intersection of Hwy 7 and CR 494N, and Oncor Electric Delivery services the area. The property's flat topography and various soil types (detailed in the provided soil map) offer flexibility for development. Currently under an agricultural exemption for tax purposes, all owned minerals convey with the sale. The property is currently used for pasture and recreation. Please note that an abstract of title will be necessary to determine any existing easements. Showings are by appointment only. The asking price is $299,898, or $29,990 per acre.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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