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    377 Meander Rd Granbury, TX 76049

    For Sale
    Contact for pricing

    18 Acres, Multifamily Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 18-acre land parcel presents a remarkable opportunity for multifamily development in the thriving Granbury, Texas market. Located at the northwest quadrant of the intersection of Highway 377 and Meander Road, this property boasts a prime location with excellent visibility and accessibility. The land is zoned for multifamily use, allowing for the construction of up to 18 units per acre, subject to local regulations and approvals. This translates to significant potential for a substantial multifamily project. The site benefits from readily available water and sewer utilities, simplifying the development process and reducing upfront costs. Furthermore, the high traffic counts on Highway 377 (35,920 vehicles per day) and Acton Highway (12,845 vehicles per day) ensure strong visibility and convenient access for future residents. This strategic location in Granbury, Hood County, Texas (zip code 76049), offers a compelling investment opportunity within a rapidly growing community. The property's size and zoning make it ideal for a variety of multifamily developments, from apartments to townhouses, catering to the increasing demand for housing in this desirable area. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a large, well-located parcel of land suitable for immediate development.

    Property Features for 377 Meander Rd

    General Information

    Property type
    Land
    Lot Size
    784,080 SF

    HighLights

    • 18‑acre site.
    • Multifamily zoning allowing up to 18 units per acre.
    • Water and sewer available.
    • High traffic counts: 35,920 VPD on Hwy 377 and 12,845 VPD on Acton Hwy.
    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 Hair Salon Auto Repair Shop 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
    -97.7330018
    Latitude
    32.461727

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    FAQs

    What type of property is this?
    Land - 18 Acres, Multifamily Zoning, High Traffic
    Where is this land located?
    The property is located at 377 Meander Rd Granbury, TX.
    What are key features of this property?
    This property features: 18-acre site.; Multifamily zoning allowing up to 18 units per acre.; Water and sewer available.
    Request Owner's contact information
    377 Meander Rd Granbury, TX 76049
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    Granbury, TX 76049
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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
    377 Meander Rd Granbury, TX 76049
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