2551 Loop 567 Granbury, TX 76048
- Land
- 6.34 lot acres
Current Use by Public Records
- Land
Property Details for 2551 Loop 567
- Lot size
- 6.34 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 6.34-acre property, located in Granbury, Texas, presents a unique investment opportunity. Situated on both sides of the NE Loop 567 at Richmond Rd., this land offers stunning views of Lake Granbury (Brazos River). The property is zoned for multifamily, commercial, and office use, allowing for diverse development options. A potential development plan includes a 30,000 square foot office/commercial building and a 50-unit multifamily complex, or alternatively, a larger 150-unit multifamily development. The location is highly desirable, offering walkability to downtown Granbury and unparalleled access to the lake. The asking price for the entire 6.34 acres is $3,400,000, and the property can be subdivided into two parcels. This is a rare opportunity to acquire a large, mixed-use tract in a prime location with exceptional water views. The eastern portion encompasses 3.55 acres, while the western portion comprises 2.813 acres. This property's superior location and zoning make it an ideal investment for developers seeking a high-impact project in a thriving Texas town. The potential for significant returns makes this a truly exceptional opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Granbury
- County
- Hood
- State
- Texas
- Longitude
- -97.7745
- Latitude
- 32.4442
