114 Merger 1.34 Acres Rhome, TX 76078
- Retail properties
- 10,000 SF
- 1.34 lot acres
Current Use by Public Records
- Retail properties
Property Details for 114 Merger 1.34 Acres
- Lot size
- 1.34 lot acres
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 1.34-acre commercial property presents a unique investment opportunity in the rapidly growing city of Rhome, Texas. Located at the high-traffic intersection of Hwy 287 and Hwy 114, this strategically positioned lot boasts significant frontage and a corner location at the exit ramp's four-way stop on Hwy 114, ensuring maximum visibility and accessibility. The property is zoned for Retail, Medical, and Office uses, offering considerable flexibility for development. Its proximity to the Texas Motor Speedway (11 miles) and a 3,500-acre master-planned community further enhances its appeal. The site also serves as the main exit to Bridgeport, a popular destination for lake activities, camping, and other attractions. Adding to its value, a QuikTrip is slated to open in Q1 2024, bringing increased foot traffic and visibility to the area. Texas Department of Transportation improvements have been approved, promising further infrastructure enhancements. This property sits within the city limits of Rhome, offering access to municipal services and amenities. The site also includes cross-access granted for adjacent development, creating potential for synergistic partnerships. With 10,000 square feet of potential development, this property is ideal for a variety of commercial ventures. Don't miss this chance to capitalize on the growth and potential of this prime location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rhome
- County
- Wise
- State
- Texas
- Longitude
- -97.4779
- Latitude
- 33.0507