4300 Shary Rd, Palmhurst, TX 78573
This exceptional 16.13-acre commercial land parcel presents a unique investment opportunity in Palmhurst, Texas. Strategically located at the northeast corner of N. Shary Road and Buddy Owens/Mile 3, this property boasts over 1200 feet of frontage on a four-lane road with streetlights at the intersection. Its prime location benefits from exceptionally high daily traffic counts, situated between two Sharyland ISD high schools (Sharyland HS to the south and the new Pioneer HS to the north). The surrounding area features high-end residential properties, with average home prices ranging from $350,000 to $650,000, indicating a strong and affluent community. The property's size makes it ideal for large-scale commercial development or a multi-use project. Conveniently located, it's approximately 20 minutes from the airport and a 10-minute drive to Expressway 83/2. The property's APN is S2950-00-000-033500. This is a rare opportunity to acquire a significant tract of land in a rapidly growing area with excellent visibility and access. The asking price is $2,950,000.
Cap rate
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Property description
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