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    OFF-MARKET
    Retail properties & Spaces

    1608 First St, Lufkin, TX 75901

    3,324 SF 9.58 ac lot Built 1977
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9.58-acre commercial property at 1608 First Street in Lufkin, Texas, presents a compelling investment opportunity. Located in Angelina County, zip code 75901, this strategically positioned site boasts over 700 feet of road frontage on a highly trafficked road, experiencing an estimated 15,000+ vehicles daily. The property, built in 1977, includes multiple existing buildings and a pond, offering immediate potential for various commercial ventures. The zoning is designated C - Commercial, allowing for a wide range of uses. The total square footage of the buildings is 3,324 square feet. The asking price is $899,000, translating to an attractive price per acre of $104,384. The seller is open to dividing the property, providing flexibility for potential buyers. This prime location in the heart of Lufkin offers unparalleled visibility and accessibility. Further expansion opportunities exist with additional land available on nearby Jane Way and Carroll Avenue. This property is ideal for developers, investors, or businesses seeking a prominent location with significant development potential. The property's size, location, and zoning make it a rare find in the Lufkin market.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1977
    Total area 3,324 SF
    Lot 9.58 ac (417,305 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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