0 Sugar Cane Ln Temple, TX 76501
Exceptional 69-acre tract in Bell County, Texas, is offered for sale at $2,150,000 ($31,150/acre). This versatile property boasts a diverse range of potential uses, including residential estate development, industrial applications, or agricultural ventures. The land features two tanks, a seasonal creek, and rolling hills, creating a picturesque setting. Approximately two-thirds of the acreage is currently under cultivation, separated by fencing. A barn is also present on the property, which is fully fenced. The property benefits from a low tax rate due to an agricultural exemption. Abundant wildlife, including deer and dove, are present due to a 13-year hunting moratorium. Located about eight miles east of Temple, Texas, near Highway 53, this land enjoys a rural setting yet is conveniently close to the Scott & White Hospital complex and the growing city of Temple. The area is experiencing significant growth, attracting tech companies and retirees, making this a stable and promising investment. On-site water and electricity are available. Currently leased to a local farmer on a year-to-year basis for $3,500 annually, this property presents a unique opportunity for immediate income generation or future development. Its central location in Texas, near major markets like Dallas-Fort Worth, Houston, and Austin-San Antonio, makes it ideal for various commercial enterprises, including greenhouse operations. The property's zoning is currently designated as "None County."
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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