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    305 Cherry St College Station, TX 77840

    Sponsored
    For Sale
    $3,599,900

    Prime College Station land, high rental income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in College Station, Texas, encompassing two adjacent parcels totaling 0.753 acres. This property is zoned for residential use and boasts unparalleled proximity to Texas A&M University, specifically within the desirable Historic North Gate area. One parcel, located at 500 Boyett St, includes a recently remodeled 3-bedroom, 2-bathroom home currently leased until July 15, 2025, generating $1650 in monthly rental income. The second parcel, situated at 305 Cherry St, benefits from convenient access to the TAMU Bus Route 15. The area has seen significant recent residential redevelopment, presenting strong potential for future housing or commercial ventures. Both parcels are being sold together to maximize investment returns. The asking price is $3,599,900, representing a price per acre of $4,779,474. This is a unique opportunity to acquire a substantial land holding in a rapidly developing area near Texas A&M University. No appointment is necessary unless a personal tour of the existing home is desired.

    Property Features for 305 Cherry St

    General Information

    Property type
    Land
    Lot Size
    32,801 SF

    HighLights

    • $3,599,900 asking price.
    • 0.753‑acre commercial land parcel in College Station, TX.
    • Residential zoning.
    • $4,779,474 per acre land value.
    • Located at 305 Cherry St, College Station, TX 77840.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.349372
    Latitude
    30.620285

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    FAQs

    What type of property is this?
    Land - Prime College Station land, high rental income potential.
    Where is this land located?
    The property is located at 305 Cherry St College Station, TX.
    What is the asking price?
    The asking price for this property is $3,599,900.
    What are key features of this property?
    This property features: $3,599,900 asking price.; 0.753-acre commercial land parcel in College Station, TX.; Residential zoning.
    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
    305 Cherry St College Station, TX 77840
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