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    1516 Farm To Market Rd Converse, TX 78109

    For Sale
    $192,099

    0.63-acre lot, high-traffic intersection

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 0.63-acre commercial lot is situated at the northeast corner of the newly developed S. Seguin Road (FM 1516) and FM 1976 intersection in Converse, Texas, zip code 78109, within Bexar County. The property boasts excellent visibility and accessibility due to its prime location at this high-traffic intersection. Zoned B-3, this land presents a unique opportunity for various commercial ventures. Ideal uses include a freestanding dry cleaner, a small retail center with a quick-service restaurant (QSR) end cap, or a convenience store. All utilities are readily available, simplifying development plans. The asking price is $192,099, translating to $7 per square foot. The lot offers significant frontage on both FM 1516 and FM 1976, maximizing exposure to potential customers. Drone footage and a 360° panoramic view are available online for a comprehensive perspective of the property and its surroundings. This is a rare opportunity to acquire a highly visible and strategically located commercial lot in a rapidly growing area.

    Property Features for 1516 Farm To Market Rd

    General Information

    Property type
    Land
    Lot Size
    27,443 SF

    HighLights

    • All utilities available.
    • High‑traffic corner lot at the new S. Seguin Rd (FM 1516) and FM 1976 intersection in Converse, TX (78109).
    • Ideal for a dry cleaner, small retail center, or convenience store; B‑3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.314808453066
    Latitude
    29.519172444078

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    FAQs

    What type of property is this?
    Land - 0.63-acre lot, high-traffic intersection
    Where is this land located?
    The property is located at 1516 Farm To Market Rd Converse, TX.
    What is the asking price?
    The asking price for this property is $192,099.
    What are key features of this property?
    This property features: All utilities available.; High-traffic corner lot at the new S. Seguin Rd (FM 1516) and FM 1976 intersection in Converse, TX (78109).; Ideal for a dry cleaner, small retail center, or convenience store; B-3 zoning.
    Request Owner's contact information
    1516 Farm To Market Rd Converse, TX 78109
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    Converse, TX 78109
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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
    1516 Farm To Market Rd Converse, TX 78109
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