1924 Grand Ave Gainesville, TX 76240
This exceptional 6-acre commercial land parcel presents a remarkable investment opportunity in Gainesville, Texas. Strategically located on the outskirts of town, this property boasts unparalleled visibility and accessibility, situated directly across from major retailers such as Walmart, CVS, and Tractor Supply. The land offers paved road frontage on two sides, ensuring convenient access for customers and employees. All essential utilities are readily available, including electricity, water, and sewer connections. Its prime location provides quick and easy access to both Highway 82 and Interstate 35, significantly enhancing its appeal to a wide range of businesses. The property's expansive size allows for diverse development possibilities, including retail spaces, restaurants, strip centers, or medical facilities. The surrounding area is experiencing significant growth, with new developments underway to the north and south, further solidifying its long-term potential. This commercially zoned land is an ideal platform for establishing a thriving enterprise in a dynamic and expanding community. The address is 1924 & 1928 N Grand Ave, Gainesville, TX 76240. The asking price for this exceptional property is $2,500,000.
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.