1516 Fm 2518 Rd Cleveland, TX 77327
This exceptional 60-acre property in Cleveland, Texas, presents a remarkable investment opportunity. Located at 1516 FM 2518, Liberty County, (APN: 000017000260000, Zip: 77327), this unrestricted land boasts a versatile zoning designation, opening doors to diverse development possibilities. The property is partially cleared and partially wooded, offering a blend of usability and natural beauty. Existing infrastructure includes electricity, two septic tanks, and a five-year-old well, significantly reducing initial development costs. While featuring a seasonal creek and pond (wetlands and water features comprise less than 10% of the total acreage), the seller affirms the property did not flood during Hurricane Harvey and is not located within a designated floodplain. Its convenient location offers easy access to Houston, making it ideal for weekend getaways or a permanent residence. The land's unrestricted nature allows for a wide range of uses, including residential subdivisions, recreational activities (hunting, RVing, off-road vehicles), commercial ventures, industrial sites, or even a mobile home park. Please note that any existing mobile homes are excluded from the sale, and the seller may require a short timeframe post-sale to facilitate their removal. The asking price is $1,622,188, and the seller is open to considering all offers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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