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    6703 Richmond Rd Texarkana, TX 75503

    For Sale
    $514,100

    Prime Commercial Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.4-acre commercial property in Texarkana, Texas, is located at 6703 Richmond Rd, on the corner of Richmond Rd and N. Kings Hwy. The property boasts a high-traffic location with nearly 28,000 vehicles passing daily, ensuring excellent visibility and accessibility for any business. Included on the site is a substantial 2,259 square-foot house, offering versatile options for immediate use or redevelopment. The property's strategic position benefits from a strong local demographic, with a population of 2,365 within one mile and 107,724 within ten miles. The average household income within five miles is $55,184, indicating a robust consumer base. This presents a unique opportunity for a variety of commercial ventures, from retail spaces to office buildings, or even potential residential development. The asking price for this prime commercial land is $514,100. The property's size and location make it an ideal investment for those seeking high visibility and a strong return on investment in a thriving Texas market. The existing house provides immediate potential for office space or conversion to suit a specific business need, while the ample land offers space for expansion, storage, or additional development. This is a rare opportunity to acquire a significant commercial property in a high-growth area of Texarkana. The property's zip code is 75503, and it is situated in Bowie County.

    Property Features for 6703 Richmond Rd

    General Information

    Property type
    Land
    Lot Size
    104,544 SF

    HighLights

    • 2.4‑acre commercial lot at the corner of Richmond Rd. and N. Kings Hwy, Texarkana, TX.
    • Includes a 2,259 sq ft house.
    • Excellent opportunity for office use with ample space for storage or expansion.
    • High‑traffic location on Richmond Rd. with nearly 28,000 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Clothing Store Nail Salon Hotel & Motel Department Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.1166585
    Latitude
    33.4839923

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic Area
    Where is this land located?
    The property is located at 6703 Richmond Rd Texarkana, TX.
    What is the asking price?
    The asking price for this property is $514,100.
    What are key features of this property?
    This property features: 2.4-acre commercial lot at the corner of Richmond Rd. and N. Kings Hwy, Texarkana, TX.; Includes a 2,259 sq ft house.; Excellent opportunity for office use with ample space for storage or expansion.
    (903) 793-2666
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    6703 Richmond Rd Texarkana, TX 75503
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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
    6703 Richmond Rd Texarkana, TX 75503
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