Current Use by Public Records
- Land
Property Details for TX-49 Loop
- Lot size
- 192.40 lot acres
- Property type
- Land
Description
This exceptional 192.4-acre commercial land parcel in Smith County, Texas, presents a unique investment opportunity. Situated between Hide-A-Way Lake to the west and Toll 49 to the east, this mostly wooded property boasts convenient access to major transportation arteries. Interstate 20 is less than two miles away, with FM 849 to the south and FM 16 to the north providing additional connectivity. The property is located within the highly-rated Lindale Independent School District. A significant feature is an artesian spring with a documented flow rate exceeding 40 gallons per minute, based on past testing. The seller estimates this flow rate is sufficient to create a new lake spanning approximately ten acres. This abundant water source, coupled with the property's size and location, offers considerable potential for diverse development, including residential or recreational projects. The land is comprised of two parcels, offering flexibility for various development scenarios. The asking price is $3,676,000. The property's address is TX-49 Loop, Lindale, TX 75771.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lindale
- County
- Smith
- State
- Texas
- Longitude
- -95.4391
- Latitude
- 32.4953
