Current Use by Public Records
- Commercial real estate
Property Details for 4861 Hwy
- Year built
- 2004
- Lot size
- 1.39 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 4861 E Highway 199 in Reno, Texas, presents a unique investment opportunity. The 1.39-acre lot boasts 355.47 feet of prime highway frontage, ensuring high visibility and accessibility. The existing structures comprise a 1,980 square foot building, currently used as a combination home and office, constructed of R-panel steel with non-load bearing walls. An additional 880 square feet of covered porch space offers significant potential for expansion, increasing the total usable area to 2,860 square feet. One-third of the land is currently utilized as a road base parking area, generating monthly lease income. This property benefits from its strategic location in Parker County, one of Texas' fastest-growing counties. Its proximity to major cities like Fort Worth (25 miles), Weatherford (18 miles), Azle (3 miles), and Decatur (18 miles) makes it exceptionally convenient for businesses and commuters alike. The area's robust growth, particularly in the Springtown Independent School District (which is expanding faster than 90% of other districts in the state according to the Texas Education Agency), makes Highway 199 an ideal location for a variety of commercial ventures. This property offers a blend of existing income and significant expansion potential in a high-demand area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Parker
- State
- Texas
- Longitude
- -97.6023
- Latitude
- 32.9225
