IH35 N Elm Mott, TX 76640
This exceptional 16.96-acre commercial land parcel boasts a highly visible location on the west side of Interstate Highway 35 in Elm Mott, Texas, offering significant development potential. Conveniently accessible via northbound Exit 346 (requiring a U-turn at Tours Road/FM 3149) and southbound Exit 347, although Texas Department of Transportation (TXDOT) access restrictions are in place despite proximity to Exit 346. The property features 537 feet of frontage on IH35, providing excellent exposure for any commercial venture. Infrastructure is partially in place, including a 25-foot concrete driveway (permitted by TXDOT). Utilities are readily available, with electricity accessible through Hilco Electric Co-op (currently without a meter) and water available through Ross Water Supply Corporation (currently without a meter). Importantly, there are no zoning restrictions, offering flexibility for a wide range of commercial developments. Adding to the property's value is an existing billboard lease, generating immediate passive income. The asking price for this strategically located and well-positioned property is $1,300,000. This presents a unique opportunity for investors and developers seeking high-visibility commercial land in a rapidly growing area. The property is located in Ross, TX, zip code 76640.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.