00 Fm 3062 Malakoff, TX 75148
This remarkable 154.59-acre property in Henderson County, Texas, presents a unique investment opportunity. Situated just south of Cedar Creek Lake and bordering Malakoff city limits, this expansive tract offers a blend of mature hardwoods, cleared brush, and six ponds. The level terrain is exceptionally well-suited for various uses, including residential development or as a productive cattle and horse ranch. The property's location provides convenient access, being only 0.7 miles from Cedar Creek Lake and the Star Harbor peninsula. A scheduled clearing of less desirable trees and brush will further enhance the property's appeal. Comprehensive data is available, including a detailed survey, aerial maps, topography information, and floodplain data, providing a thorough understanding of the land's potential. The property is located within an Opportunity Zone and the city limits run along the frontage on Star Harbor Road (also known as CR 3062). The property is part of the P Tumlinson Survey. A virtual tour is available online. This versatile and stunning property is ready for your vision. Asking price is $1,685,000. APN: R000019608.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.