3291 Grand Ave Gainesville, TX 76240
This exceptional investment opportunity presents 28.57 acres of prime industrial land in Gainesville, Texas, ideally situated with immediate access to I-35. The property comprises five contiguous parcels, offering significant road frontage (approximately 1,256 ft) on two major thoroughfares, ensuring high visibility and accessibility. The land is zoned industrial and utilities are already in place, simplifying development. The assemblage includes three existing single-family residences, potentially suitable for office conversion (zoning compliance verification recommended). The main parcel (PID 152566) encompasses 23.09 acres, perfect for large-scale industrial projects. Three additional smaller parcels (PIDs 22760, 22911, and 67569), each approximately 1-2 acres, are also included and may contain additional structures. The total square footage of the buildings is 1,225,343, with an asking price of $2,500,000 ($2.04/sq ft). This represents a compelling opportunity for owner-users seeking a strategic location with excellent infrastructure and transportation links. An additional parcel (PID 4775) may also be available for purchase separately. The property is listed as a flex space, mixed-use industrial property with single tenancy. Cooke County location and APN 152566.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.