205 S Main St, Red Oak, TX 75154
- Commercial real estate
- 7,904 SF
- 5.29 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 205 S Main St
- Year built
- 2005
- Lot size
- 5.29 lot acres
- Property type
- Commercial real estate
- APN
- 72.7780.902.002.00.111
- APU
- 72778090200200111
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 20, 2024 | — | Red Oak Village LLC | Ablp Red Oak LLC | Deed | — |
| Jan 10, 2022 | $3,500,000 | Ablp Red Oak LLC | Blackstone Developers LLC | Trustees Deed · related | — |
| Jun 28, 2019 | — | Blackstone Developers LLC | — | Trustees Deed · related | $3.5M · Ablp Reit LLC |
| Jul 6, 2004 | — | Blackstone Developers LLC | Cline,patsy A | Grant Deed · related | — |
| — | — | Blackstone Developers LLC | — | Deed Of Trust · related | $2.7M · Everbank |
Description
This exceptional 1.83-acre commercial land parcel presents a remarkable opportunity for development in the thriving city of Red Oak, Texas. Located at 205 S. Main St., this pad site boasts a highly desirable location with excellent visibility and accessibility. The property is zoned for commercial use, providing flexibility for a wide range of development projects. Its expansive size offers ample space for construction of a substantial building or multiple smaller structures, catering to various business needs. The address is strategically situated within the vibrant Red Oak community, benefiting from its growing population and robust economy. This prime location offers easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. The 1.83-acre lot provides significant potential for a high-return investment, making it an ideal opportunity for developers, investors, and entrepreneurs seeking a prime location in a rapidly expanding Texas market. The Ellis County location adds to the property's appeal, offering a strong community infrastructure and a supportive business environment. This is a rare opportunity to acquire a large, commercially zoned parcel in a prime location, ready for immediate development. The property's size and zoning make it suitable for a variety of commercial uses, ensuring a versatile investment with significant long-term potential. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is located in zip code 75154.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,510,000
- 6.5%
- $1,395,000
- 7%
- $1,295,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,353,000
Market price range: $378k - $1.35M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Red Oak
- County
- Ellis
- State
- Texas
- Longitude
- -96.8058
- Latitude
- 32.5103
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
