306 Hwy 321 @ County Rd Cleveland, TX 77327
This exceptional 693.05-acre tract presents a unique opportunity for significant development. Located in Liberty County, Texas, near Cleveland and Dayton, this unrestricted land boasts substantial frontage on Highway 321, County Road 2274, and County Road 2278, totaling approximately 10,388 feet of road frontage. The property's strategic location offers easy access to major transportation routes, making it ideal for a variety of commercial and residential projects. Further enhancing its appeal, the land is situated within an Opportunity Zone, providing potential tax advantages for investors. A significant advantage is the presence of an adjacent water tower on the northwest corner, ensuring ample water capacity for any future development. The property is conveniently located less than 10 miles from Cleveland and 15 miles from Dayton, offering proximity to established communities and amenities. Importantly, this land is not located within a floodplain and falls within the Tarkington ISD school district. Priced at $18,000 per acre, this expansive parcel represents a compelling investment opportunity with considerable potential for growth and development. The absence of zoning restrictions allows for maximum flexibility in project planning.
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
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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.