55 Acres Lcr 426 Mexia, TX 76667
This exceptional 55.5-acre commercial property in Limestone County, Texas, presents a unique investment opportunity. Located approximately 15 minutes south of Mexia and boasting a desirable blend of open and wooded areas, the land is fully fenced and cross-fenced for optimal utility. A stock pond is conveniently situated near the property's entrance. The property includes a fenced homestead, showcasing potential for development into a charming weekend retreat with minimal renovation. Several ideal homesites are nestled amongst pastures and mature trees, including oaks, crape myrtles, and pear trees. A natural gas well-site is located near the back property line, screened by cedar trees. A fenced hay trap is situated along the southern boundary. The property benefits from an agricultural exemption and readily accessible electricity via Navasota Co-op along the roadside. The asking price is $415,000, translating to approximately $7,477 per acre. This versatile land offers a compelling combination of natural beauty, existing infrastructure, and commercial potential, making it an attractive prospect for various development projects. The property's address is 55 Acres LCR 426, Mexia, TX 76667.
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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