400 3Rd St Grandview, TX 76050
This exceptional 2.38-acre commercial land parcel presents a remarkable investment opportunity in Grandview, Texas. Located at 400 N. 3rd St., this property boasts unparalleled visibility due to its prime frontage on State Highway 81, ensuring high traffic exposure for any commercial venture. The property is zoned for commercial use, offering flexibility for a wide range of development possibilities. With a single existing building on the site, this presents a chance to either renovate and repurpose the existing structure or to develop a new project entirely, taking advantage of the expansive lot size. The address is 400 N. 3rd St., Grandview, TX 76050, situated in Johnson County. The asking price for this strategically located commercial land is $800,000. The property's multi-tenancy potential allows for diverse income streams or the creation of a large-scale commercial development. Given its size, location, and zoning, this property is ideal for businesses seeking high visibility and accessibility. The coordinates are 32.2791138 latitude and -97.1784873 longitude. This is a rare opportunity to acquire a significant commercial land holding in a growing Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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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.