114 Merger 1.34 Acres Rhome, TX 76078
- Retail properties
- 10,000 SF
- 1.34 lot acres
Current Use by Public Records
- Retail properties
Property Details for 114 Merger 1.34 Acres
- Lot size
- 1.34 lot acres
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 1.34-acre commercial property presents a unique investment opportunity in the rapidly growing city of Rhome, Texas. Situated at the high-traffic intersection of Highway 287 and Highway 114, this strategically located land boasts significant frontage and a corner position at the exit ramp of Highway 114, featuring a four-way stop. The property is zoned for Retail, Medical, and Office uses, offering considerable flexibility for development. With a total potential buildable area of 10,000 square feet, this site is ideally positioned to capitalize on the area's burgeoning growth. Its proximity to the Texas Motor Speedway (11 miles) and a 3,500-acre master-planned community further enhances its appeal. The location also provides convenient access to Bridgeport, a popular destination for lake activities and other attractions. Adding to the property's value, a QuikTrip is slated to open in Q1 2024, and Texas Department of Transportation improvements have been approved, promising increased visibility and accessibility. The property is located within the city limits of Rhome, offering access to municipal services and infrastructure. This is a rare chance to acquire a high-visibility commercial lot in a thriving Texas community. The cross-access granted for adjacent development provides additional potential for synergy and expansion.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rhome
- County
- Wise
- State
- Texas
- Longitude
- -97.4779
- Latitude
- 33.0507
