0 Us Highway 287 Henrietta, TX 76365
This exceptional 65.97-acre property in Henrietta, Texas, presents a unique investment opportunity. Strategically located on US Hwy 287 N, it boasts approximately half a mile of frontage on a two-way access road, ensuring high visibility and convenient access. The land is situated adjacent to a newly constructed 48-unit apartment complex and a substantial travel plaza, creating a vibrant and high-traffic environment. This prime location offers significant potential for various commercial and residential developments. Utilities are readily available, with existing electricity and easy access to water and wastewater infrastructure. Clay County's absence of zoning regulations provides flexibility for a wide range of development plans. The property's size and location make it ideal for a variety of uses, from retail and hospitality to multi-family housing or industrial projects. The asking price is $1,831,500. This is a rare opportunity to acquire a large parcel of land in a growing area with excellent access and existing infrastructure. Serious inquiries are encouraged.
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
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.