Property profile

0 County Road 2138 Troup, TX 75789

OFF-MARKET
Land
57.52 ac lot
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Property summary

AI-generated overview

This exceptional 57.52-acre property in Smith County, Texas, presents a unique investment opportunity near Whitehouse and Lake Tyler. Located on County Roads 2138 and 2140, the land boasts 1,995 linear feet of frontage on CR 2138 and 1,037 linear feet on CR 2140. The property features a well-managed plantation pine timber stand, established in 2006, thinned in 2020, and projected for future thinning and potential clear-cut in the coming years. This offers significant long-term timber investment potential. Hunting enthusiasts will appreciate the opportunity to pursue whitetail deer and feral hogs. Proximity to Lake Tyler provides access to a range of recreational activities, including fishing, boating, and skiing. Utilities include Cherokee County Electric Service and Southern Utility Water Company (one meter available). The asking price is $977,840 ($17,000/acre). Owner financing is available with a 50% down payment, subject to credit check and proof of funds. Terms are negotiable. Restrictions apply: no mobile homes permitted. This property is ideal for investors seeking timber returns, recreational enthusiasts, or those looking to establish a homestead in a desirable East Texas location. The APN is 1-00000-0069-00-032000. The property is zoned as none.

Property profile

Verified
Property type Land
Lot 57.52 ac (2,505,571 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

County Road 2138 Troup, TX 75789
Troup metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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