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    OFF-MARKET
    Land

    0 Farm-To-Market 841, Lufkin, TX 75901

    38.34 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 38.34-acre commercial land parcel presents a rare development opportunity within Lufkin's city limits. Boasting triple frontage on FM 841 (Ford Chapel Rd), Valley Avenue, and Whippoorwill Drive, this property enjoys excellent access and visibility, situated mere seconds from the US 59 Loop/S Medford Dr. (38,536 AADT). Its strategic location offers proximity to schools, shopping centers, and major employers, including Georgia Pacific, Lockheed Martin, Pilgrim's Pride, Brookshire Brothers, and West Fraser Timber Company. Currently zoned for residential use, this site was previously platted for 124 lots, and the possibility of infrastructure cost sharing with the City of Lufkin has been explored. Existing infrastructure includes an 8-inch water line along FM 841 and Valley Avenue, along with 6-inch sewer lines on both roadways, and an additional 8-inch sewer line traversing the property. Offsite detention is readily available, and all city utilities are accessible. The property's location and zoning make it ideally suited for residential development, capitalizing on Lufkin's strong economy, low crime rate, and high quality of life. Within a 5-mile radius, the total population exceeds 18,000, with an average household income exceeding $69,912. This presents a compelling investment opportunity for developers seeking a prime location in a thriving Texas community. Don't miss this chance to acquire a significant land holding in a rapidly growing area. The asking price is $1,949,000.

    Property profile
    Verified
    Property type Land
    Lot 38.34 ac (1,670,090 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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