0 Fm 23 Rusk, TX 75785
Exceptional investment opportunity awaits with this expansive 57.68-acre parcel of land located on FM 23 in Rusk, Texas, zip code 75785. Situated in Cherokee County, this property boasts a highly desirable location near Rusk's most prestigious neighborhoods, offering unparalleled potential for development. The land is currently undeveloped, presenting a blank canvas for a variety of projects. All utilities are conveniently connected to the site, significantly reducing development hurdles and accelerating project timelines. The substantial acreage allows for diverse development options, from residential communities to commercial ventures. This presents a unique chance for developers seeking a high-return investment in a thriving area. The asking price is $389,995, with a non-contingent earnest money deposit required (greater of $20,000 or 10% of the purchase price). A marketing fee of 5% of the winning bid amount (minimum $20,000) and a $10,000 participation deposit are also required. The APN is 101187000. Don't miss this chance to capitalize on this exceptional opportunity.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.