2531 Mathis Rd Mansfield, TX 76063
- Commercial real estate
- 3,000 SF
- 1.94 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2531 Mathis Rd
- Year built
- 1988
- Lot size
- 1.94 lot acres
- Property size
- 3,000 SF
- Property type
- Commercial real estate
Description
This exceptional Mansfield, TX property presents a unique investment opportunity encompassing two contiguous parcels totaling 1.94 acres. The offering includes a 3,000 square foot, four-bedroom, two-bathroom single-family home situated on a 0.97-acre lot. Built in 1988, this existing structure provides immediate income potential or a potential renovation project. The home's assessed value in 2024 was $225,222. Adjacent to the improved lot is a vacant 0.89-acre residential lot, also ripe for development, with a 2024 assessed value of $87,750. The combined acreage offers significant flexibility for various development scenarios, including residential construction or mixed-use projects. The property benefits from a Planned Development (PD) zoning designation, allowing for a range of potential uses. Located on Mathis Road, this property enjoys exceptional visibility with over 15,000 vehicles passing daily, making it an ideal location for commercial ventures. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area, offering both immediate income and significant long-term development potential. The property's size and zoning make it an attractive proposition for investors seeking to capitalize on Mansfield's dynamic real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Johnson
- State
- Texas
- Longitude
- -97.0994
- Latitude
- 32.5454
