Property profile

280 Nec Steven Ave & Ave Farmersville, CA 93223

OFF-MARKET
Land
2.63 ac lot
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Property summary

AI-generated overview

This exceptional 2.63-acre commercial land parcel, located at the northeast corner of Steven Avenue and Avenue 280 in Farmersville, California (APN: 128-140-038 and 039), presents a unique investment opportunity. Zoned for retail commercial use, this property boasts a prime location directly across from City Hall, situated on a four-lane street ensuring high visibility and accessibility. The City of Farmersville has already approved a proposed project encompassing three buildings totaling approximately 22,956 square feet, with plans including 94 parking spaces. This approved plan outlines a shopping center, but the zoning allows for flexibility in development. Alternative uses, subject to zoning approvals, could include a mixed-use office development or a retail park incorporating medical offices. The substantial lot size offers ample space for a variety of commercial ventures, making this an ideal opportunity for developers seeking a high-traffic location in a growing community. This property is offered at an asking price of $575,000. Serious inquiries only.

Property profile

Verified
Property type Land
Lot 2.63 ac (114,563 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

280 Nec Steven Ave & Ave Farmersville, CA 93223
Farmersville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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