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    806 Commerce St Overton, TX 75684

    For Sale
    $60,000

    Prime 1.19-acre lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.19-acre commercial lot is ideally situated in the heart of downtown Overton, Texas, at 806 S. Commerce St., zip code 75684. Zoned C-1, this property offers unparalleled versatility for a wide range of commercial ventures. Its prominent location on a major highway, with street access on all four sides, makes it particularly well-suited for businesses requiring high visibility and convenient access, such as drive-thru establishments (fast food restaurants, banks, etc.). The elevated position of the lot provides attractive views of the surrounding area. The property's proximity to established businesses, including a Family Dollar store directly across the street, further enhances its appeal and potential for success. This is a rare opportunity to acquire a substantial commercial lot in a thriving Texas town, offering significant potential for growth and return on investment. The asking price for this exceptional property is $60,000. Rusk County location.

    Property Features for 806 Commerce St

    General Information

    Property type
    Land
    Lot Size
    51,836 SF

    HighLights

    • 1.19‑acre site in Overton, TX's central business district.
    • High‑traffic location with excellent visibility.
    • Zoned for mixed‑use development, offering flexibility for various commercial projects.
    • Strong potential for high returns due to the growing Overton market.
    • Utilities readily available at the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Overton
    County
    Rusk
    State
    Texas
    Longitude
    -94.97970878393
    Latitude
    32.268524009247

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    FAQs

    What type of property is this?
    Land - Prime 1.19-acre lot, high visibility.
    Where is this land located?
    The property is located at 806 Commerce St Overton, TX.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: 1.19-acre site in Overton, TX's central business district.; High-traffic location with excellent visibility.; Zoned for mixed-use development, offering flexibility for various commercial projects.
    Request Owner's contact information
    806 Commerce St Overton, TX 75684
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    Overton, TX 75684
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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
    806 Commerce St Overton, TX 75684
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