217 Laurence Dr Heath, TX 75032
This exceptional 2.86-acre commercial property in the heart of downtown Heath, Texas, presents a remarkable investment opportunity. The property encompasses a substantial 2,663 square feet of existing building space, currently configured as a home. This structure offers the potential for repurposing into office space, providing immediate occupancy and a unique, established character. Alternatively, the existing building could be demolished to allow for the construction of a new commercial building tailored to specific requirements. The expansive 2.86-acre lot provides ample space for a variety of commercial developments, catering to diverse business needs. Situated in the vibrant downtown area of Heath, this property benefits from high visibility and convenient access to local amenities and transportation routes. This is a rare chance to acquire a significant commercial parcel in a thriving Texas town, offering flexibility and substantial potential for growth and return on investment. The property's prime location and generous size make it an ideal choice for entrepreneurs and investors seeking a prominent presence in the Heath commercial market. The existing structure provides a cost-effective starting point or a clean slate for new construction, depending on the chosen development path.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.