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    1605 Us Highway 281 Alice, TX 78332

    For Sale
    $50,000

    0.5-acre industrial lot, $50,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.5-acre commercial land parcel is ideally situated at 1605 US Highway 281 South in Alice, Texas, 78332. Zoned for industrial (C) use, this property offers significant potential for various business ventures. The asking price is $50,000, translating to $2.29 per square foot. The land is owned by Circle K Stores, Inc., and comes with specific use restrictions. Prospective buyers should note that the property cannot be used for the sale of food or beverages (excluding vending machines and sit-down restaurants), convenience store operations, gasoline or alternative motor fuels, tobacco products, beer and wine for off-premises consumption, food trucks, lottery tickets, car washes, or national discount variety stores (such as Dollar General, Dollar Tree, etc.), nor can it support uses ancillary to these restricted activities. This prime location provides convenient access to major regional thoroughfares, ensuring excellent connectivity within the Alice MSA. The APN is 1221502000000. This presents a unique opportunity for investors seeking a strategically located industrial lot with clear usage guidelines. The property's proximity to Highway 281 South and Old Falfurias Highway offers high visibility and accessibility.

    Property Features for 1605 Us Highway 281

    General Information

    Property type
    Land
    Lot Size
    21,780 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alice
    County
    Jim Wells
    State
    Texas
    Longitude
    -98.0794069
    Latitude
    27.7358238

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    FAQs

    What type of property is this?
    Land - 0.5-acre industrial lot, $50,000
    Where is this land located?
    The property is located at 1605 Us Highway 281 Alice, TX.
    What is the asking price?
    The asking price for this property is $50,000.
    (737) 279-9850
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    1605 Us Highway 281 Alice, TX 78332
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    Alice, TX 78332
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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
    1605 Us Highway 281 Alice, TX 78332
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