31589 Us Hwy 84 Hwy McGregor, TX 76657
This exceptional 15.9-acre property in McGregor, Texas, presents a unique investment opportunity. Located on US Highway 84, it boasts approximately 140 feet of frontage, ensuring high visibility to the over 17,600 vehicles that TxDOT projected would pass daily in 2022. The property includes 1,341 square feet of existing improvements, built in 2013, offering immediate usability. Its versatile zoning allows for both residential (R-10) and general commercial (GC) development, opening doors to a wide range of possibilities. Imagine a thriving business capitalizing on the significant traffic flow, or a stunning residential estate on this expansive land. The 692,604 square foot lot provides ample space for ambitious projects. This prime location combines the benefits of high visibility and accessibility, making it an ideal choice for discerning investors seeking a property with significant upside. The existing structure offers a solid foundation for immediate use or potential redevelopment, while the expansive acreage allows for future expansion and growth. Don't miss this chance to acquire a truly remarkable property with exceptional potential.
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
Similar Nearby for Sale
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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.