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Property profile & analytics
OFF-MARKET
Land

226 Carson St Red Oak, TX 75154

0.29 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.29-acre commercial lot, located at 226 Carson St in Red Oak, Texas (zip code 75154), presents a unique investment opportunity. Priced at $74,900, this property is zoned for Light Commercial use, though a Planned Development (PD) zoning change to commercial is required by the City of Red Oak due to the property being vacant for over 90 days. Prospective buyers should conduct thorough due diligence to ensure compliance with all city requirements for commercial zoning conversion. The City of Red Oak's comprehensive plan restricts residential use in this area, making a residential PD application unlikely to be approved. This lot is ideally situated to benefit from Red Oak's commercial growth, making it particularly attractive to retail businesses. The high demand for commercial establishments in this thriving community makes this a promising investment. Note that an adjacent lot is also available for purchase. The property's APN is 169139. This is a chance to establish a business in a rapidly expanding Texas city. Serious inquiries are encouraged to explore this promising commercial land opportunity.

Property profile
Verified
Property type Land
Lot 0.29 ac (12,632 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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