1402 57Th St Temple, TX 76504
- Commercial real estate
- 840 SF
- 6.32 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1402 57Th St
- Year built
- 1997
- Lot size
- 6.32 lot acres
- Property size
- 840 SF
- Zone code
- LI
- Property type
- Commercial real estate
- APN
- 73861
- APU
- 73861
Description
This exceptional 6.32-acre commercial land parcel presents a rare opportunity in Temple, Texas. Strategically located inside Loop 363, this property enjoys unparalleled access to Interstate 35, a major transportation artery. The LI (Light Industrial) zoning, with IH-35 Overlay, allows for a diverse range of industrial uses. Utilities are readily available along the 57th Street frontage. The site benefits from its proximity to a thriving retail corridor, including national brands like Aaron's, Cavender's, Dollar General, and 7-Eleven, as well as local favorites such as Clem Mikeska's Bar-B-Q and Rylandre's Best Hamburgers. This location also places the property near a dense residential area, ensuring a strong potential customer base. The property's size, zoning, and prime location make it ideal for a variety of commercial developments. The asking price is $1,995,000. The APN is 73861. This is one of the few remaining undeveloped tracts of this size along IH-35 within the loop in Temple. The property is situated one block south of the well-lit intersection of IH-35 and 57th Street, providing excellent visibility and accessibility. Further south, just over half a mile away, is another retail area connected via SW HK Dodgen Loop (US Hwy 190). This presents a unique opportunity to capitalize on the high traffic volume and strong commercial presence in this rapidly growing area of Temple.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $440,000
- 6.5%
- $465,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $455,000
- Mixed-Use
- $430,000
- Hospitality
- $405,000
- Educational
- $500,000
- Residential Income
- $430,000
- Energy
- $425,000
- Income-Based Land
- $510,000
- Food Service
- $545,000
Location Insight
- Map
- Local Demand
- City
- Temple
- County
- Bell
- State
- Texas
- Longitude
- -97.3783
- Latitude
- 31.0909
- CBSA code
- 28660
- CBSA name
- KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA