Current Use by Public Records
- Specialty properties
Property Details for 5586 Highway 82
- Property type
- Specialty properties
Description
This exceptional 5.87-acre commercial property in Gainesville, Texas, presents a compelling investment opportunity. Strategically located on US Highway 82, just five minutes east of the I-35 and Highway 82 intersection, this property enjoys high visibility and convenient access. Currently generating income from multiple sources, the property includes a commercial building divisible into three separate units, with one unit currently occupied and two available for lease. Four additional rental houses contribute to the property's consistent cash flow. A further income stream is derived from a company with a signage agreement on the property, paying an annual fee. The property's expansive 5.87-acre lot offers significant potential for future expansion and development, capitalizing on the area's anticipated growth. The existing infrastructure provides immediate income, while the ample land allows for future development to enhance profitability. This unique combination of immediate return and long-term growth potential makes this property an attractive investment. The property is located at 5586 E Highway 82, Gainesville, TX 76240. All information provided is believed to be accurate but should be independently verified.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Cooke
- State
- Texas
- Longitude
- -97.0724
- Latitude
- 33.6459
