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Property profile

1231 W Main St Gun Barrel City, TX 75156

Commercial real estate
Property ID
US82-7084078
View Sample
11,828 SF 1.46 ac lot Built 2007
Entity Owned 3-yr Hold ~ Est. High Equity
1231 W Main St, Gun Barrel City, TX 75156 For Sale
Contact for pricing 11,828 SF
1231 W Main St, Gun Barrel City, TX 75156
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Property summary

AI-generated overview

This exceptional 3.93-acre property, located at 1231 W. Main St. in Gun Barrel City, Texas, presents a unique investment opportunity. Zoned for commercial use, this land offers significant potential for various development projects. The property's strategic location boasts high visibility and accessibility, situated in a dense retail area. Its proximity to major retailers like Walmart and CVS ensures high traffic volume and strong consumer presence, creating an ideal environment for businesses seeking maximum exposure. The single building on the property is suitable for redevelopment or demolition to accommodate new construction. The lot size provides ample space for a variety of commercial ventures. The address is 1231 W. Main St., Gun Barrel City, TX 75156, within Henderson County. The asking price for this multi-tenancy land is $149,000. This is a rare opportunity to acquire a commercially zoned parcel in a thriving retail corridor. The property's location and zoning make it an attractive investment for developers and entrepreneurs alike. Don't miss this chance to capitalize on the growth potential of this prime location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Total area 11,828 SF
Lot 1.46 ac (63,641 SF)
APN 0483-0090-0A20-53
UPID US82-7084078

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
$600k
Comparable Approach Comparable
by Request
Blend (final) Blend
$565k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2009
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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