609 3Rd St Bonham, TX 75418
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.