000 County Road 2116 Ivanhoe, TX 75447
This exceptional 60.5-acre commercial land parcel in Ivanhoe, Texas, presents a unique investment opportunity. Located in Fannin County at 000 County Rd 2116, zip code 75447 (APN: 000000075695), this property boasts some of the region's finest soil. Currently utilized as improved pasture and hay ground, the land has undergone significant enhancements in the past four years. These improvements include substantial upgrades to forage production, resulting in a dramatically improved yield. Furthermore, drainage systems have been completely overhauled, and all fencing, including cross-fencing, is brand new. The property's elevated position offers stunning views overlooking the Red River bottom. The combination of productive agricultural potential and picturesque scenery makes this a versatile property suitable for a variety of commercial uses. The asking price is $575,000. The property is unzoned, providing flexibility for future development plans. This is a rare opportunity to acquire a well-maintained and highly productive tract of land in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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