316 Factory Outlet Dr Corsicana, TX 75109
- Commercial real estate
- 71,946 SF
- 8.58 lot acres
Current Use by Public Records
- Outlet Mall / Shopping Mall
- CubeSmart Self Storage / Moving Supply Store / Storage Facility
Property Details for 316 Factory Outlet Dr
- Year built
- 1974
- Lot size
- 8.58 lot acres
- Property size
- 71,946 SF
- Property type
- Commercial real estate
- APN
- 62258
- APU
- 62258
Description
This exceptional opportunity presents two strategically located commercial pad sites in Corsicana, Texas, ideal for businesses seeking high-visibility locations. The properties are situated at 316 Factory Outlet Drive, Navarro County, and boast convenient access to major thoroughfares. One site encompasses 2.267 acres, while the other offers 0.97 acres, providing flexibility for various development plans. Both sites are zoned C, allowing for a wide range of commercial uses. The single-tenant nature of each parcel ensures exclusive use and control for the lessee. The address is 316 Factory Outlet Dr, Corsicana, TX 75109. Given their size and zoning, these pad sites are perfectly suited for a variety of commercial ventures, from retail establishments and restaurants to light industrial operations. The location in Corsicana offers access to a growing market and strong local demographics. This is a rare chance to secure prime commercial land in a desirable location with excellent potential for growth and return on investment. The properties are ready for immediate development, presenting a unique opportunity for businesses to establish a strong presence in the Corsicana market. Interested parties are encouraged to act quickly, as these sites are expected to attract significant interest. The latitude and longitude coordinates are 32.0713115, -96.4458468 respectively.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,355,000
- 6.5%
- $1,450,000
- 7%
- $1,395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,295,000
- Geo Method
- $1,540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,670,000
- Retail
- $1,730,000
- Mixed-Use
- $1,525,000
- Hospitality
- $1,820,000
- Educational
- $1,480,000
- Residential Income
- $1,405,000
- Energy
- $1,370,000
- Income-Based Land
- $1,690,000
- Food Service
- $1,420,000
Location Insight
- Map
- Local Demand
- City
- Corsicana
- County
- Navarro
- State
- Texas
- Longitude
- -96.4459
- Latitude
- 32.0714
- CBSA code
- 18620
- CBSA name
- CORSICANA, TX MICROPOLITAN STATISTICAL AREA
