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    Specialty properties

    462 Tx-276, East Tawakoni, TX 75472

    18,000 SF 1.49 ac lot Built 1960
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located in the West Tawakoni submarket of Rains County, presents a unique investment opportunity. The property consists of two single-story buildings totaling 18,000 square feet, situated on a substantial 1.49-acre lot (64,904 sq ft). Currently, 16,500 square feet is vacant, offering significant potential for redevelopment or expansion. Built in 1960, the property features a prime location with easy access from three rural municipalities: Emory, Lone Oak, and Quinlan, via busy Texas highway frontage. The existing structure includes a butcher's market area, refrigerated coolers, a walk-in freezer, and a warehouse with three loading docks, providing ample storage and inventory capabilities. A small section is already equipped for restaurant use. The property's zoning is commercial, allowing for a variety of uses. The possibilities are extensive, ranging from restarting a grocery store to establishing a completely new business venture such as a bowling alley, skating rink, arcade, or other entertainment venue. This property offers a rare chance to capitalize on a low-competition market with high growth potential. The property is conveniently located near Littlefield Drive. No elevators are present.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1960
    Total area 18,000 SF
    Lot 1.49 ac (64,904 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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