731 I-35 Waxahachie, TX 75154
This exceptional 5.365-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Red Oak, Texas. Located at 731 S. I-35 E., this property boasts a highly desirable location with excellent visibility and accessibility from Interstate 35. The permitted zoning is Commercial Retail, offering a wide range of development possibilities for savvy investors. The single building on the property allows for immediate potential for redevelopment or expansion. This multi-tenant property is ideal for a variety of commercial uses, catering to the growing needs of the Red Oak community and its surrounding areas. The expansive lot size provides ample space for substantial construction projects, ensuring significant return on investment. With its strategic location and versatile zoning, this property is poised for substantial growth and presents a unique chance to capitalize on the burgeoning commercial market in Ellis County, Texas. The asking price is $2,395,000. The property's address is 731 S. I-35 E., Red Oak, TX 75154. This is a rare opportunity to acquire a significant commercial land holding in a rapidly developing area. Don't miss out on this chance to secure a prime piece of Texas real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.