17037 Us-281 Hico, TX 76457
This exceptional 37.08-acre commercial property in Hamilton County, Texas, presents a unique investment opportunity. Located at 17037 US-281 in Hico, TX 76457 (31.9459943, -98.053186), this land boasts significant advantages for diverse commercial ventures. The property features a high-traffic location along US Highway 281, a major thoroughfare extending from Canada to Mexico, ensuring excellent visibility and accessibility. The land itself is versatile, offering a blend of natural features including a lake and diverse terrain. An irrigation well adds further value and potential uses. Infrastructure is already in place, including two 16-foot entrance gates for convenient access and 3-phase power, alongside the ability to accommodate regular electricity. This ensures suitability for a wide range of commercial developments. The property's proximity to Hico's town square (less than 4 miles) provides added appeal, offering potential residents a balance of rural tranquility and convenient access to town amenities. The asking price for this remarkable property is $990,000. This presents a rare chance to acquire a substantial tract of land with significant potential for commercial development or a unique blend of commercial and residential uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.