9508 Miflin St Cresson, TX 76035
This exceptional 1.9-acre commercial property in Cresson, Texas presents a unique investment opportunity. Strategically located on US Highway 171 and US Highway 377, this high-visibility site offers unparalleled exposure for any business venture. The property comprises two parcels: Lot 1 (0.7438 acres) is zoned Light Commercial and enjoys direct highway frontage, while Lot 6 (1.159 acres), located behind Lot 1, is currently zoned Residential. Three existing houses are situated on the property, though they are considered to be of minimal value and are included in the sale as-is. The property also features three separate septic systems and three underground propane tanks. This prime location provides excellent access to major transportation routes, making it ideal for a variety of commercial uses. The potential for redevelopment or repurposing is significant, given the high traffic count and prominent location within the downtown Cresson area. This is a rare opportunity to acquire a substantial commercial parcel in a rapidly growing Texas town. Buyers are encouraged to conduct their own due diligence regarding zoning regulations and potential development options. The asking price reflects the land's significant potential and strategic location.
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.