1608 1St St, Lufkin, TX 75901
This exceptional 15.18-acre commercial property in Lufkin, Texas, presents a unique investment opportunity. Located at 1608 S First St, 75901, this property boasts a substantial 3,324 square-foot building constructed in 1977 and zoned C - Commercial. The land offers over 700 feet of frontage on First Street, a high-traffic area with over 15,000 vehicles passing daily. Additional road frontage on two other streets enhances accessibility and visibility. The asking price is $1,100,000, translating to $72,458 per acre. The property's versatility allows for diverse development options, including residential projects, a hotel, or a commercial strip center. The existing building, approximately 3,324 square feet, adds to the property's potential. The seller is open to dividing the land, offering flexibility for various investment strategies. This prime location provides convenient access to Lufkin's amenities, making it an attractive proposition for discerning investors seeking a high-impact commercial venture. The property's size and location make it a rare find in the Lufkin market.
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
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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.