1425 Fm 115 Mount Vernon, TX 75457
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.
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
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.