4955 Hwy Granbury, TX 76049
- Commercial real estate
- 16.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4955 Hwy
- Lot size
- 16.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 16-acre tract presents a remarkable investment opportunity in the thriving town of Granbury, Texas. Ideally situated adjacent to established retail and grocery stores, this property offers unparalleled convenience and accessibility. Its multi-family zoning designation unlocks significant potential for developers seeking to capitalize on the robust housing demand within Granbury's expanding market. The location provides future residents with easy access to essential amenities while still maintaining a strong connection to the town's unique character. Granbury boasts a rich history, a vibrant cultural scene centered around its historic square, and the picturesque beauty of nearby Lake Granbury, creating a highly desirable living environment. This translates to a strong rental market and high occupancy rates for any developed multi-family project. The property's zoning is already approved for multi-family use, eliminating potential delays and streamlining the development process. This turnkey opportunity allows for immediate planning and construction, maximizing return on investment. The expansive acreage provides ample space for a substantial multi-family development, catering to the growing need for housing in this dynamic Texas town. This is a rare chance to acquire a prime piece of land in a flourishing community with exceptional potential for long-term growth and profitability.
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
- Granbury
- County
- Hood
- State
- Texas
- Longitude
- -97.7023
- Latitude
- 32.4617
