301 Ovilla Rd Red Oak, TX 75154
- Land
- 2.85 lot acres
Current Use by Public Records
- Land
Property Details for 301 Ovilla Rd
- Lot size
- 2.85 lot acres
- Property type
- Land
Description
This exceptional 2.85-acre commercial land parcel presents a unique investment opportunity in Red Oak, Texas. Located at 301 East Ovilla Road, this property boasts excellent visibility and accessibility, situated directly on Highway 664, with convenient access to major thoroughfares like I-35 and 287. The property's APN is 199964. The asking price is $749,900. The existing home on the property offers potential for immediate cash flow through rental income, providing a valuable return on investment until development plans are implemented or a new business is constructed. This strategic location within Ellis County, zip code 75154, makes it ideal for a variety of commercial ventures, benefiting from high traffic counts and proximity to a growing residential community. The expansive lot size provides ample space for development, allowing for flexibility in design and construction. This is a rare opportunity to acquire a well-positioned commercial property with immediate income potential and significant long-term growth prospects. Don't miss this chance to secure a prime piece of Red Oak real estate.
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
- Red Oak
- County
- Ellis
- State
- Texas
- Longitude
- -96.8044
- Latitude
- 32.5311
