5 Fm Rd Lakeview, TX 75160
This exceptional 22-acre commercial land parcel in Lakeview, Texas, presents a unique investment opportunity. Located on FM Road 429 in the desirable Able Springs area, this property boasts approximately 950 feet of road frontage, offering excellent visibility and accessibility. The land itself is a blend of hardwoods and pasture, enhanced by the presence of a lake, attracting abundant wildlife. This picturesque setting is ideal for a variety of commercial ventures, while also offering the potential for residential development. The property's convenient location provides easy access to Dallas and local amenities, with the added benefit of proximity to Lake Tawakoni. Infrastructure is in place, with 6-inch and 10-inch water lines available at the street. The seller is willing to consider dividing the property and offers owner financing with approved credit. Minimal restrictions apply. Please note that a survey is recommended to verify all property details. The provided drawing is for reference only. Buyers are responsible for their own approach to the property. GPS coordinates are 32150 FM 429. This is a truly remarkable opportunity to acquire a substantial tract of land in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.