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Property profile & analytics
OFF-MARKET
Land

609 3Rd St Bonham, TX 75418

1.21 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.21-acre commercial land parcel presents a unique investment opportunity in the heart of Bonham, Texas. Located at 609 W 3rd Street, this property boasts a strategic position adjacent to the downtown area, a thriving food truck park, and a bustling trades day, indicating a dynamic and growing neighborhood. Currently zoned residential, the land offers immediate potential for single-family home development. However, with city approval, the property's zoning could be modified to accommodate multi-family dwellings or even small-scale commercial ventures, capitalizing on the area's upward trajectory. The property's existing water meter simplifies utility connections, streamlining the development process. The asking price of $80,000 represents an attractive price per acre of $82,576.38, making this a compelling investment in a rapidly evolving market. The property's APN is 000000083618. This is a rare chance to acquire a significant land holding in a prime location within Fannin County, Texas, zip code 75418. The property's coordinates are 33.5759422 latitude and -96.185311 longitude.

Property profile
Verified
Property type Land
Lot 1.21 ac (52,751 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
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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