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    56 12.36 Acres Hwy 121 & Hwy Bonham, TX 75418

    For Sale
    $1,395,000

    12.36 Acres, Hwy 121 & 56

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 12.36-acre commercial land parcel presents a remarkable investment opportunity in Bonham, Texas. Strategically located at the intersection of Highway 121 and Highway 56, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial developments. The asking price is $1,395,000, translating to a land value of $2.59 per square foot. Situated in Fannin County, with a zip code of 75418, this expansive tract offers significant potential for businesses seeking high-traffic exposure. The property's location provides easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. Given its size and prime location, this land is suitable for various commercial ventures, from retail centers and restaurants to industrial facilities and office complexes. The property's flat terrain simplifies development, minimizing site preparation costs and accelerating project timelines. This is a rare opportunity to acquire a substantial commercial land holding in a thriving Texas market. Don't miss out on this chance to secure a prime location for your next commercial endeavor. Detailed site surveys and further information are readily available upon request.

    Property Features for 56 12.36 Acres Hwy 121 & Hwy

    General Information

    Property type
    Land
    Lot Size
    538,402 SF

    HighLights

    • 12.36‑acre commercial land parcel in Bonham, TX.
    • Prime location at the intersection of Highway 121 and Highway 56, offering high visibility and accessibility.
    • Asking price: $1,395,000 ($2.59/SF).
    • Located in Fannin County, TX, zip code 75418.
    • Suitable for various commercial uses, including retail, restaurants, industrial, and office.
    • Flat terrain simplifies development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.192339
    Latitude
    33.5771441

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    FAQs

    What type of property is this?
    Land - 12.36 Acres, Hwy 121 & 56
    Where is this land located?
    The property is located at 56 12.36 Acres Hwy 121 & Hwy Bonham, TX.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: 12.36-acre commercial land parcel in Bonham, TX.; Prime location at the intersection of Highway 121 and Highway 56, offering high visibility and accessibility.; Asking price: $1,395,000 ($2.59/SF).
    Request Owner's contact information
    56 12.36 Acres Hwy 121 & Hwy Bonham, TX 75418
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    Bonham, TX 75418
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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
    56 12.36 Acres Hwy 121 & Hwy Bonham, TX 75418
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