114 Merger 1.97 Acres Rhome, TX 76078
- Retail properties
- 54,556 SF
- 1.97 lot acres
Current Use by Public Records
- Retail properties
Property Details for 114 Merger 1.97 Acres
- Lot size
- 1.97 lot acres
- Property size
- 54,556 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 1.97-acre commercial land parcel is strategically located at the intersection of Hwy 287 and Hwy 114 in Rhome, Texas, offering unparalleled visibility and accessibility. Situated on a corner lot with frontage and a four-way stop off Hwy 114, this property benefits from high traffic counts. The site is zoned for Retail, Medical, and Office uses, providing flexibility for a variety of development options. With a total buildable square footage of 54,556 square feet, this property presents a significant opportunity for investors and developers. Its proximity to the Texas Motor Speedway (11 miles) and a 3,500-acre master-planned community further enhances its appeal. The location also serves as the main exit to Bridgeport, offering access to lake activities, camping, and other attractions. Adding to its desirability, a QuikTrip is slated to open in Q1 2024, and Texas Department of Transportation improvements have been approved. The property is within the city limits of Rhome and includes cross-access granted for adjacent development. This prime location offers exceptional potential for significant return on investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rhome
- County
- Wise
- State
- Texas
- Longitude
- -97.4779
- Latitude
- 33.0507
