Highway 114 Paradise, TX 76073
This exceptional 18.9-acre property presents a remarkable development opportunity in the desirable town of Paradise, Texas. Strategically located on Highway 114, this expansive tract boasts significant road frontage, ensuring high visibility and convenient access. The land is currently designated as ag-exempt, offering potential tax advantages. Its unique position is further enhanced by access from three surrounding roads, providing multiple entry points and facilitating efficient site planning. The property's prime location within Paradise offers a blend of rural tranquility and convenient access to essential amenities and transportation routes. This is a rare chance to acquire a substantial parcel of land with significant development potential in a thriving Texas community. The expansive acreage allows for a wide range of development possibilities, from commercial ventures to residential subdivisions, subject to local zoning regulations. The existing ag-exempt status presents a valuable financial incentive for prospective buyers. The multiple road access points offer flexibility in design and infrastructure planning, minimizing potential logistical challenges. This property is an exceptional investment opportunity for those seeking a large-scale development project in a highly desirable location. Serious inquiries are encouraged to explore the full potential of this unique offering. The seller is motivated and ready to negotiate. Don't miss this chance to own a piece of Paradise.
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.