Main St Florence, TX 76527
This exceptional 3.67-acre mixed-use property presents a rare development opportunity in the heart of Florence, Texas' Central Business District. Located on Main Street (FM 478), this offering encompasses three adjacent parcels, providing significant frontage and development potential. The property benefits from new CBD zoning, allowing for versatile mixed-use projects. Florence is experiencing substantial growth, situated conveniently near Austin, Round Rock, Georgetown, and south of the Killeen/Temple/Belton area. This strategic location offers excellent access to a growing population and robust regional economy. Importantly, the Texas Department of Transportation (TxDOT) is scheduled to commence construction in Spring 2025 on a significant Main Street (FM 487) improvement project. This project will widen and enhance FM 487 between Highway 195 and Love Street, including the addition of a turning lane, improved drainage, a wide sidewalk along the north side of Main Street, and new curbs and gutters. This infrastructure upgrade will significantly increase the property's value and appeal, making it an even more attractive investment for developers seeking a prime location in a thriving Texas town. The asking price for this unique opportunity is $489,900.
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.