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    566 I-35 Milford, TX 76670

    For Sale
    $3,655,150

    High-traffic commercial land, pad sites available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 21.21-acre commercial land parcel presents a unique investment opportunity in Milford, Texas. Strategically located at 566 I-35, this property boasts prime interstate frontage and a hard corner location directly on the on-ramp, ensuring maximum visibility and accessibility. With an APN of 185951 and zoned for commercial use by the City of Milford, this site offers unparalleled potential for development. The property benefits from exceptionally high traffic volume, with 60,000 cars passing daily according to TXDot data, and convenient access from both the northbound and southbound lanes of I-35. Adding to its desirability, a new Road Runner Truck Stop and Wendy's are currently under construction on adjacent parcels. The site is divisible, with pad sites available starting at 1.75 acres (or 76,230 square feet), providing flexibility for various development scenarios. This is an exceptional opportunity to capitalize on the robust growth and high traffic counts along this heavily traveled corridor in Ellis County, Texas, 76670. The asking price for this remarkable property is $3,655,150.

    Property Features for 566 I-35

    General Information

    Property type
    Land
    Lot Size
    923,908 SF

    HighLights

    • High‑traffic corner lot with interstate frontage and on‑ramp access.
    • New development underway adjacent to the property, including a Roadrunner Truck Stop and Wendy's.
    • Pad sites available for lease or sale.
    • Exceptional daily traffic count of 60,000 vehicles per TXDOT data.
    • Convenient access from both northbound and southbound lanes of the interstate.
    • Parcels ranging from 1.75 acres (76,230 sq ft) available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Milford
    County
    Ellis
    State
    Texas
    Longitude
    -96.9536836
    Latitude
    32.1343493

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    FAQs

    What type of property is this?
    Land - High-traffic commercial land, pad sites available.
    Where is this land located?
    The property is located at 566 I-35 Milford, TX.
    What is the asking price?
    The asking price for this property is $3,655,150.
    What are key features of this property?
    This property features: High-traffic corner lot with interstate frontage and on-ramp access.; New development underway adjacent to the property, including a Roadrunner Truck Stop and Wendy's.; Pad sites available for lease or sale.
    (972) 921-1594
    Request Owner's contact information
    566 I-35 Milford, TX 76670
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    Milford, TX 76670
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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
    566 I-35 Milford, TX 76670
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