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    1311 Paluxy Rd Granbury, TX 76048

    Sponsored
    For Sale
    $395,000

    Prime Medical District Lot, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 0.977-acre commercial lot, located at 1311 Paluxy Road in Granbury, Texas (zip code 76048), presents a unique investment opportunity. Zoned for Business Commercial use (APN R105132), this vacant, platted land is ideally situated directly across the street from Lake Granbury Medical Center, placing it in the heart of Granbury's thriving medical district. The asking price is $395,000, translating to a land value of $9 per square foot. This property is perfectly positioned for immediate development, offering significant potential for a variety of commercial uses. The current owners are open to collaborating with a user or investor to construct a new Class A medical or professional office building on the site, making this an attractive proposition for those seeking a turnkey solution in a high-demand location. The property's convenient location and proximity to the medical center ensure high visibility and accessibility, making it an excellent choice for businesses seeking a strong presence in this growing area of Granbury. This is a rare opportunity to acquire a prime commercial lot in a rapidly developing medical district. Don't miss out on this chance to secure a valuable asset in a highly desirable location.

    Property Features for 1311 Paluxy Rd

    General Information

    Property type
    Land
    Lot Size
    42,558 SF

    HighLights

    • Prime Granbury medical district location.
    • Across from Lake Granbury Medical Center.
    • New Class A medical/professional building build‑to‑suit available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.8036517
    Latitude
    32.4310596

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    FAQs

    What type of property is this?
    Land - Prime Medical District Lot, Ready to Build
    Where is this land located?
    The property is located at 1311 Paluxy Rd Granbury, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Prime Granbury medical district location.; Across from Lake Granbury Medical Center.; New Class A medical/professional building build-to-suit available.
    Request Owner's contact information
    1311 Paluxy Rd Granbury, TX 76048
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    Granbury, TX 76048
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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
    1311 Paluxy Rd Granbury, TX 76048
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