101 Us-287 Decatur, TX 76234
This exceptional 17,201 square foot commercial land parcel presents a unique investment opportunity in Decatur, Texas. Located on US Highway 287, this high-visibility site boasts excellent access and is situated within a rapidly expanding retail and commercial area. Previously occupied by Patriot Tire, the property is being offered as a clean pad site. The seller will provide all necessary documentation and escrow funds to cover the removal of existing tanks (per TCEQ regulations), asbestos abatement, and complete building demolition. A new survey and site plan will be provided, illustrating the potential for a building up to approximately 3,500 square feet. The property, encompassing lots 101 and 103 N US 287, has been replatted (filing pending sale). The land is zoned GC, offering considerable flexibility for development. With its prime location, excellent visibility, and seller-provided site preparation, this property is ideal for a variety of commercial ventures. The asking price is $885,000, translating to a land value of $53.77 per square foot. This represents a compelling opportunity to acquire a ready-to-develop site in a thriving Texas market. The property's strategic location on a major highway ensures high traffic volume and significant exposure for any future business. The seller's commitment to providing a clean pad site simplifies the development process, minimizing upfront costs and expediting the timeline for construction.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.