6 Ac On Park St Nacogdoches, TX 75965
This exceptional 6.151-acre commercial land parcel presents a remarkable investment opportunity in Nacogdoches, Texas. Located at the southwest corner of Park Street and Martinsville Street, this property boasts an unbeatable location less than half a mile from N University Drive and just one block from a Walmart Neighborhood Market. The site is surrounded by dense residential development, providing immediate access to a substantial consumer base. Its proximity to Stephen F. Austin State University (with an enrollment of 11,946 students in Fall 2022) further enhances its appeal. The R-4 zoning allows for the development of up to 29 multi-family units per acre, unlocking significant potential for high-density residential construction. The asking price is $425,000, translating to a land value of $1.59 per square foot. The property's APN is 63883. This prime location and flexible zoning make this a truly exceptional opportunity for developers seeking to capitalize on the strong demand for housing in this thriving area of Nacogdoches. The property is situated in Nacogdoches County, Texas, with a 75965 zip code. This is a rare chance to acquire a large, well-located parcel in a rapidly growing market.
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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