4384 State Hwy Glen Rose, TX 76043
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 4384 State Hwy
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
This exceptional 18.373-acre property in Somervell County, Texas, boasts significant income potential and diverse usage possibilities. Located on State Highway 144, approximately one mile from Glen Rose, the land offers 900 feet of prime road frontage. The property includes a currently leased commercial business (generating $2000 monthly income) and four leased mobile homes, providing an additional $5300 in monthly rental income (one doublewide is currently occupied by the manager as part of their employment agreement). The existing leases offer a current 7% capitalization rate. The property features a well and two septic systems, with county water also available. A survey is readily available for review. The permitted zoning is mixed-use, allowing for a variety of development options. The asking price is $749,999, representing a land value of approximately $48,930 per acre. This turnkey investment opportunity combines established income streams with significant future development potential in a desirable Texas location. The five existing buildings consist of the commercial business and four mobile homes. This property presents a rare blend of immediate income and long-term growth potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glen Rose
- County
- Somervell
- State
- Texas
- Longitude
- -97.7486
- Latitude
- 32.1817
