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    4955 Us Highway 377 Granbury, TX 76049

    For Sale
    $4,573,800

    21 Acres, Multi-Family Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 21-acre commercial and residential land parcel presents a remarkable investment opportunity in the thriving town of Granbury, Texas. Located at 4955 East US Hwy 377, Granbury, TX 76049 (APN: r000105394), this property boasts a prime location adjacent to established retail and grocery stores, ensuring unparalleled convenience for future residents. The land is zoned for multi-family development, perfectly positioned to capitalize on the increasing demand for housing in this rapidly growing area. Granbury offers a unique blend of modern amenities and small-town charm, featuring a historic town square, cultural events, and the beautiful Granbury Lake, creating a highly desirable living environment for potential tenants. The property's strategic location and multi-family zoning make it an ideal platform for a lucrative multi-family residential development project. The asking price for this exceptional investment opportunity is $4,573,800. This 21-acre tract offers significant potential for substantial returns, given Granbury's robust growth trajectory and the high demand for housing. Don't miss this chance to acquire a premier development site in a thriving Texas community.

    Property Features for 4955 Us Highway 377

    General Information

    Property type
    Land
    Lot Size
    914,760 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 Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.7074422
    Latitude
    32.4674041

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    FAQs

    What type of property is this?
    Land - 21 Acres, Multi-Family Zoning, Prime Location
    Where is this land located?
    The property is located at 4955 Us Highway 377 Granbury, TX.
    What is the asking price?
    The asking price for this property is $4,573,800.
    (817) 578-0609
    Request Owner's contact information
    4955 Us Highway 377 Granbury, TX 76049
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    Granbury, TX 76049
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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
    4955 Us Highway 377 Granbury, TX 76049
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