161 Grn Cir Rockwall, TX 75189
- Commercial real estate
- 960 SF
- 1.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 161 Grn Cir
- Year built
- 1988
- Lot size
- 1.10 lot acres
- Property size
- 960 SF
- Property type
- Commercial real estate
Description
This exceptional 1.1-acre property at 161 Green Circle in Rockwall, Texas, presents a unique investment opportunity. Strategically located on a hard corner at the intersection of SH 276 and Green Circle (FM 551), this site boasts unparalleled visibility and accessibility. The 960 square foot residence currently on the property offers potential rental income, while the land itself holds immense value for future development. The city's future land use designation is Office-Retail, making this an ideal location for a variety of commercial ventures. Proximity to major thoroughfares like I-30, SH 205, and John King Boulevard ensures high traffic volume and convenient access for customers and employees. While currently zoned Agricultural (AG), the property's prime location and future zoning designation make it a compelling investment. Note that the Texas Department of Transportation (TXDOT) is planning to widen SH 276 and has already acquired adjacent land for this expansion project. Potential buyers should review the provided TXDOT survey and flood map within the transaction documents, as a portion of the property lies within a designated floodplain. This property is being sold based on its land value, offering significant upside potential for savvy investors seeking a high-impact commercial development site in a rapidly growing area. The existing residence provides a potential income stream while development plans are underway.
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
- Rockwall
- County
- Rockwall
- State
- Texas
- Longitude
- -96.3688
- Latitude
- 32.9012
