300 Us Highway 271 Gilmer, TX 75644
- Land
- 1.25 lot acres
Current Use by Public Records
- Ark-La-Tex Guns and More / Sporting Goods Store
Property Details for 300 Us Highway 271
- Lot size
- 1.25 lot acres
- Property type
- Land
Description
This exceptional 1.25-acre commercial land parcel presents a remarkable investment opportunity in Gilmer, Texas. Strategically located at the high-traffic intersection of US Highway 271 and State Highway 300, this property boasts approximately 350 feet of highway frontage and 370 feet of city street frontage. Its prime location ensures maximum visibility and accessibility, with a traffic light directly at the property line, guaranteeing significant customer exposure. The level, raw land is ready for development, and all utilities are already in place. Adding to its appeal, this property includes a grandfathered billboard location, offering the potential for substantial passive income. Its proximity to Gilmer Junior High School further enhances its value, given the high volume of traffic generated by school events. This is one of the last remaining opportunities to acquire a commercial property with such advantageous features in this thriving location. The permitted zoning is commercial, and the property's APN is 3909. The asking price is $725,000. This property is owner-financed.
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
- Gilmer
- County
- Upshur
- State
- Texas
- Longitude
- -94.9417
- Latitude
- 32.7183
