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Property profile & analytics
OFF-MARKET
Land

300 Us Highway 271 Gilmer, TX 75644

1.25 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.25 ac (54,450 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
Current use
Occupant on record · Public records
  • Ark-La-Tex Guns and More (Bike/Boat/Book/etc) Store
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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