321 Tbd State Hwy Cleveland, TX 77327
This expansive 391-acre tract presents a remarkable residential development opportunity in Dayton, Texas. Situated in the desirable Tarkington Independent School District, the property boasts over 3000 feet of frontage along Highway 321, providing excellent visibility and accessibility. Its strategic location between the cities of Cleveland and Dayton offers convenient access to amenities and major transportation routes. The substantial acreage allows for a variety of development possibilities, catering to diverse residential needs. The land's size and highway frontage make it an ideal location for a large-scale residential project, potentially including single-family homes, multi-family units, or a mixed-use development. Detailed surveys and environmental studies would be necessary to fully assess the development potential and to determine the feasibility of specific project plans. The asking price for this exceptional property is $9,925,000. This represents a significant investment opportunity for developers seeking a prime location for a substantial residential project in a growing Texas community. The property's address is listed as TBD State Highway 321, Dayton, TX 77327. Further information and due diligence are encouraged.
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
Physical attributes from public recordsZoning & alternative use
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.