0 Farm To Market Rd 677 Saint Jo, TX 76265
This exceptional 1-acre property in Saint Jo, Texas, presents a remarkable investment opportunity. Located within city limits, this versatile tract offers dual road frontage on FM 677 North and Meadows Street, ensuring high visibility and convenient access. The property boasts stunning panoramic views of the surrounding natural beauty. A significant feature is the existing 100' x 43,560 sq ft concrete slab, perfect for a shop, storage facility, or other commercial structures. The zoning allows for a variety of uses, including residential development, making it suitable for building a home, apartments, or an RV park. Its strategic location along FM 677, a major thoroughfare to local attractions like wineries and the Red River Valley, offers significant potential for capitalizing on the area's growth. The property's size also allows for the possibility of subdivision into two separate lots, further enhancing its investment potential. This is a truly unique opportunity for those seeking a high-visibility location with diverse development possibilities in a thriving Texas community. The asking price is $98,000, and owner financing may be considered.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.