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    1435 Lipan Hwy Granbury, TX 76048

    For Sale
    $9,300,000

    77-acre industrial park, 673,200 SF, $9.3M

    Property size:
    673,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 77.166-acre industrial park in Granbury, Texas, presents a compelling investment opportunity. The property boasts 673,200 square feet of buildable area, currently encompassing ten buildings with diverse uses. The site is zoned for industrial and heavy commercial uses, offering flexibility for various development scenarios. Building sizes range from 5,400 square feet to 302,400 square feet, with ceiling heights reaching 45 feet. Utilities are fully serviced, including city water and sewer, three-phase electricity, natural gas, and high-speed internet access. The park's strategic location offers convenient access to Loop 567, providing easy connections to Weatherford, Interstate 20, and Fort Worth. Proximity to an airport with a one-mile airstrip and rail access further enhances its logistical advantages. The asking price is $9,300,000, translating to $13.81 per square foot. The property is offered as a 1031 exchange opportunity. Detailed building specifications include: Building 1 (Distribution, 302,400 sq ft, 45ft clear height)

    Property Features for 1435 Lipan Hwy

    General Information

    Property type
    Life science properties
    Square Feet
    673,200 SF
    Class
    A
    Lot Size
    3,361,351 SF

    Building Details

    Year Built
    2023
    Buildings
    10

    HighLights

    • Zoning: RE (Residential Estate), HC (Heavy Commercial), and I (Industrial) districts.
    • Utilities: City water (12” PVC, 47 psi, 2300 gpm), city sewer (12” PVC), city storm sewer with open channel and central detention, Tri County Electric (3‑phase, 15 kva), Atmos gas (6” steel, 60 psi), and Charter Spectrum high‑speed internet.
    • Building 1: 302,400 SF distribution building, 24 acres, 45' clear height, 60' building height.
    • Building 2 & 3: Two 115,200 SF light industrial buildings, 11 acres each, 45' clear height, 60' building height.
    • Building 4‑9: Six 5,400 SF or 8,400 SF flex buildings, 0.8 acres or 1.2 acres each, 32' clear height, 40' building height.
    • Building 10: Proposed 100‑unit, 112,800 SF multifamily building, 6.9 acres, 40' building height, two stories, surface parking; rezoning required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -97.804888260432
    Latitude
    32.458776482743

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    FAQs

    What type of property is this?
    Life science property - 77-acre industrial park, 673,200 SF, $9.3M
    Where is this life science property located?
    The property is located at 1435 Lipan Hwy Granbury, TX.
    What is the asking price?
    The asking price for this property is $9,300,000.
    What are key features of this property?
    This property features: Zoning: RE (Residential Estate), HC (Heavy Commercial), and I (Industrial) districts.; Utilities: City water (12” PVC, 47 psi, 2300 gpm), city sewer (12” PVC), city storm sewer with open channel and central detention, Tri County Electric (3-phase, 15 kva), Atmos gas (6” steel, 60 psi), and Charter Spectrum high-speed internet.; Building 1: 302,400 SF distribution building, 24 acres, 45' clear height, 60' building height.
    Request Owner's contact information
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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
    1435 Lipan Hwy Granbury, TX 76048
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