Current Use by Public Records
- Land
Property Details for 380 & Fm 51
- Lot size
- 23.53 lot acres
- Property type
- Land
Description
This exceptional 23.53-acre commercial land parcel is strategically located at the Northwest corner of US Highway 380 and FM 51 in Decatur, Wise County, Texas, zip code 76234 (33.2448229, -97.5008338). The property offers significant frontage on Highway 380, ensuring high visibility and accessibility for businesses. This location benefits from its proximity to Paloma Trails, a new 165-acre residential development featuring over 418 lots. This burgeoning community creates a strong demand for retail services, making this land ideal for national retail users seeking to capitalize on a rapidly growing market. The property's size and location present a unique opportunity to develop a substantial retail center, catering to the needs of both the Paloma Trails residents and the wider Decatur community. The excellent connectivity to a major thoroughfare, US Highway 380, further enhances the property's appeal and potential for significant return on investment. This is a rare chance to secure a prime commercial land parcel in a thriving Texas market. The property is classified as commercial land and is ready for development.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Wise
- State
- Texas
- Longitude
- -97.5008
- Latitude
- 33.2448
