IH-35 1.0 Ac Lacy Lakeview, TX 76705
This exceptional 1-acre vacant commercial land parcel presents a prime development opportunity in Lacy Lakeview, Texas. Strategically located on IH-35, this property boasts unparalleled visibility and high traffic exposure, with TxDOT traffic counts exceeding 90,000 vehicles daily. The site benefits from readily available city utilities, including 6-inch water and sewer lines, simplifying development plans. Its adjacency to a dense residential area provides a built-in customer base. The property offers frontage on the southbound IH-35 service road and convenient access via Avenue B. This location is just south of E. Crest Dr (Exit 342a), placing it in close proximity to Texas State Technical College and L-3 Communication Systems. Nearby retail establishments include Valero/Circle K, Family Dollar, Bush's Chicken, and Dairy Queen, further enhancing its commercial appeal. The property is zoned C-1 Highway Commercial. The asking price is $520,000, translating to $11.94 per square foot. Note that an adjacent 5.35+ acre parcel is also available for purchase. This presents a unique chance to acquire a significant commercial holding in a high-growth area.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.