Current Use by Public Records
- Commercial real estate
Property Details for 670 Fm 501E Hwy
- Lot size
- 0.46 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.46-acre commercial lot presents a unique investment opportunity in the thriving town of Cherokee, Texas. Strategically located on Highway FM 501E, this property enjoys high visibility and accessibility, situated just 16 miles from both Llano and San Saba. The area is experiencing significant growth, with nearby ranches undergoing subdivision and sale, promising increased traffic flow in the coming years. The absence of a gas station within Cherokee makes this lot ideally suited for a business catering to travelers and locals alike, offering a convenient pit stop for fuel, snacks, and other necessities. The property's potential is further enhanced by the likely presence of a high-capacity water well (estimated at 100 gallons per minute) and ample space for septic installation, simplifying the development process. The presence of a local school contributes to the town's consistent activity and population. This is a rare chance to establish a business in a rapidly developing area with strong potential for return on investment. The property's location offers easy access to Colorado Bend State Park, just 15 miles to the east, further increasing potential customer traffic. This prime commercial lot is priced at $250,000 and represents a compelling opportunity for entrepreneurs seeking a strategic location in a growing Texas market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cherokee
- County
- San Saba
- State
- Texas
- Longitude
- -98.6988
- Latitude
- 30.9798
