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    OFF-MARKET
    Land

    0 Pritchard Rd, Commerce, TX 75428

    16 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 16-acre property in Commerce, Texas, presents a unique dual-use opportunity. Currently zoned for industrial use, the land boasts pre-approved residential zoning, paving the way for a diverse range of development projects. Located on Pritchard Rd, Hunt County, zip code 75428, this expansive lot offers significant potential for both residential and industrial ventures. The city has already granted approval for the construction of single-family homes, making it an ideal site for a residential development. Furthermore, a draft plat for a 56-home subdivision is prepared and ready for city review, streamlining the process for developers interested in residential construction. The property's existing industrial zoning provides flexibility for those seeking industrial development opportunities. Its prime location in Commerce, TX, offers convenient access to essential infrastructure and amenities. With its substantial size and versatile zoning, this property represents a compelling investment for developers seeking a high-impact project in a thriving Texas community. The latitude and longitude coordinates are 33.2517055, -95.8808252 respectively. This is a project-ready site for developers seeking either residential or industrial development.

    Property profile
    Verified
    Property type Land
    Lot 16 ac (696,960 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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