1612 Chestnut St Lufkin, TX 75901
This exceptional 3.34-acre commercial lot presents a remarkable investment opportunity in Lufkin, Texas. Its strategic location on South Chestnut Street, directly across from the Chamber of Commerce, ensures unparalleled visibility and accessibility. The property boasts a high traffic count, with the Texas Department of Transportation reporting an Annual Average Daily Traffic (AADT) of 7,921 vehicles in 2023. This significant traffic volume translates to exceptional exposure for any business. The land itself is level and easily developed, minimizing site preparation costs. Its proximity to Loop 287 provides convenient access to major transportation routes, enhancing its appeal to a wide range of potential businesses. This prime location offers significant potential for a variety of commercial ventures, making it an ideal investment for those seeking high visibility and strong traffic flow. The property's size and location make it suitable for a range of developments, from retail spaces to office buildings or other commercial uses. The asking price of $248,000 represents a compelling opportunity to acquire a highly desirable commercial property in a thriving area. Don't miss this chance to secure a piece of Lufkin's commercial landscape.
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
Similar Nearby for Sale
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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.