402 Carter Spur Troy, TX 76579
- Commercial real estate
- 2.01 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 402 Carter Spur
- Lot size
- 2.01 lot acres
- Property type
- Commercial real estate
Description
This exceptional 2.012-acre commercial land parcel presents a remarkable investment opportunity in Troy, Texas. Strategically located at 402 Carter Spur, this property boasts unparalleled visibility and easy access from Interstate 35, a major transportation artery. The land is situated within the Troy city limits, providing convenient access to municipal services and amenities. Its proximity to larger cities is also a key advantage, with Temple approximately 8 miles away and Waco just 28 miles distant. The property is zoned MF-2, permitting multi-family development, making it ideal for apartments, townhouses, or other multi-unit residential projects. A significant benefit is the minimal flood-prone area located only in the rear of the property. The surrounding area is well-established, with neighbors including Troy schools, Keith Ace Hardware, and Subway, indicating a thriving and supportive community. This property offers a unique blend of accessibility, zoning potential, and a desirable location, making it an attractive proposition for developers seeking a prime location for a multi-family project. The asking price for this exceptional opportunity is $438,000. This is a rare chance to acquire a well-positioned commercial lot with significant development potential in a growing Texas community.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Bell
- State
- Texas
- Longitude
- -97.3063695
- Latitude
- 31.2040101
