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    Sumpter St Mexia, TX 76667

    For Sale
    Contact for pricing

    0.399-acre lot, city utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 0.399-acre commercial lot in Mexia, Texas, presents a unique investment opportunity. Located within city limits, at the address of E Sumpter St, zip code 76667, in Limestone County, this unimproved property offers significant potential. According to the Limestone Central Appraisal District, the lot measures approximately 60 feet by 290 feet. City water and sewer are available, although meters are not currently installed. Electricity is readily accessible, with existing service to neighboring residences. The property is situated in a residential area, surrounded by existing homes. While currently zoned for residential use, interested parties should independently verify with the City of Mexia whether a single-wide or double-wide manufactured home would be permissible. The asking price is $14,900, translating to approximately $47,619.05 per acre. Prospective buyers are encouraged to conduct their own due diligence and verify all information with the appropriate authorities. The property's location offers convenient access to local amenities and infrastructure. This lot represents a compelling opportunity for developers or investors seeking a foothold in the Mexia market. Its size and location make it suitable for a variety of potential uses, subject to local zoning regulations. Interested parties are encouraged to perform their own independent due diligence.

    Property Features for 0 Sumpter St

    General Information

    Property type
    Land
    Lot Size
    17,380 SF

    HighLights

    • 0.399‑acre commercial lot in Mexia, TX (76667), Limestone County.
    • Located on E Sumpter St, within city limits.
    • Approximately 60' x 290', per Limestone Central Appraisal District.
    • City water and sewer available (meters not installed); electricity accessible.
    • Currently zoned residential; buyer to verify manufactured home suitability with City of Mexia.
    • Asking price: $14,900 ($47,619.05/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.4734801
    Latitude
    31.6863951

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    FAQs

    What type of property is this?
    Land - 0.399-acre lot, city utilities available.
    Where is this land located?
    The property is located at Sumpter St Mexia, TX.
    What is the asking price?
    The asking price for this property is $14,900.
    What are key features of this property?
    This property features: 0.399-acre commercial lot in Mexia, TX (76667), Limestone County.; Located on E Sumpter St, within city limits.; Approximately 60' x 290', per Limestone Central Appraisal District.
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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
    Sumpter St Mexia, TX 76667
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