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Property profile & analytics
OFF-MARKET
Land

1425 Fm 115 Mount Vernon, TX 75457

1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1-acre commercial property in Mount Vernon, Texas, presents a lucrative investment opportunity. Located at 1425 FM 115, zip code 75457, this land currently houses 59 storage units, generating immediate passive income. The property boasts chain-link fencing and additional storage features, enhancing its functionality and appeal. The existing storage units offer significant value-add potential for increased profitability. A buyer could further develop the site to maximize its income-generating capacity. This property is situated in Franklin County, Texas, offering easy access to local amenities and transportation routes. The property's location at 33.1590794 latitude and -95.2255358 longitude provides convenient access to the surrounding area. The asking price is $124,900, representing a compelling entry point into the Texas commercial real estate market. A virtual tour is available for a comprehensive view of the property. This is an ideal opportunity for investors seeking a high-return, low-maintenance investment with substantial upside potential. Don't miss this chance to acquire a thriving commercial property with significant future growth prospects.

Property profile
Verified
Property type Land
Lot 1 ac (43,560 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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