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    101 Us-287 Decatur, TX 76234

    Sponsored
    For Sale
    $885,000

    Prime Pad Site, Hwy 287, $885,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 17,201 square foot commercial land parcel presents a unique investment opportunity in Decatur, Texas. Located on US Highway 287, this high-visibility site boasts excellent access and is situated within a rapidly expanding retail and commercial area. Previously occupied by Patriot Tire, the property is being offered as a clean pad site. The seller will provide all necessary documentation and escrow funds to cover the removal of existing tanks (per TCEQ regulations), asbestos abatement, and complete building demolition. A new survey and site plan will be provided, illustrating the potential for a building up to approximately 3,500 square feet. The property, encompassing lots 101 and 103 N US 287, has been replatted (filing pending sale). The land is zoned GC, offering considerable flexibility for development. With its prime location, excellent visibility, and seller-provided site preparation, this property is ideal for a variety of commercial ventures. The asking price is $885,000, translating to a land value of $53.77 per square foot. This represents a compelling opportunity to acquire a ready-to-develop site in a thriving Texas market. The property's strategic location on a major highway ensures high traffic volume and significant exposure for any future business. The seller's commitment to providing a clean pad site simplifies the development process, minimizing upfront costs and expediting the timeline for construction.

    Property Features for 101 Us-287

    General Information

    Property type
    Land

    HighLights

    • 17,201 SF prime pad site on US 287 in Decatur, TX.
    • High‑visibility location with excellent US 287 access in a growing retail/commercial area.
    • Former Patriot Tires location.
    • Seller provides TCEQ‑compliant documentation for tank removal, asbestos abatement, and building demolition; escrow funds cover these costs.
    • Seller provides a new survey and site plan for a potential 3,500 SF building.
    • Combined lots 101 and 103 N US 287 (replat completed, pending filing upon sale).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.597015
    Latitude
    33.23437

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    FAQs

    What type of property is this?
    Land - Prime Pad Site, Hwy 287, $885,000
    Where is this land located?
    The property is located at 101 Us-287 Decatur, TX.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: 17,201 SF prime pad site on US 287 in Decatur, TX.; High-visibility location with excellent US 287 access in a growing retail/commercial area.; Former Patriot Tires location.
    (940) 733-2279
    Request Owner's contact information
    101 Us-287 Decatur, TX 76234
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    Decatur, TX 76234
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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
    101 Us-287 Decatur, TX 76234
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