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5 Justice Ln Gainesville, TX 76240

OFF-MARKET Commercial real estate Google Maps
0.61 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 0.61-acre commercial lot presents a unique investment opportunity in Gainesville, Texas. Strategically located just off Highway 82, this property enjoys high visibility and convenient access to a thriving business district. The lot, identified as Lot 5 Justice Lane, is zoned for commercial use, making it ideal for a variety of development projects. Its proximity to numerous established businesses ensures a strong potential customer base and significant foot traffic. The property's location within the city limits of Gainesville provides access to essential city services, including readily available city water and sewer connections, simplifying the development process and reducing infrastructure costs. This eliminates the need for costly private well and septic system installations, saving both time and money. The relatively flat terrain of the lot further contributes to its development potential, minimizing site preparation expenses. This exceptional location and the availability of city utilities make this 0.61-acre lot an attractive proposition for entrepreneurs and investors seeking a prime location to establish their business or expand their existing operations. The asking price of $31,000 represents a compelling value for a commercial lot in this desirable area. Don't miss this chance to secure a piece of Gainesville's vibrant commercial landscape.

Property profile

Verified
Property type Commercial real estate
Lot 0.61 ac (26,572 SF)

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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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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