309 South St Florence, TX 76527
This exceptional 14.99-acre property in Florence, Texas, presents a remarkable investment opportunity. Located within the city limits at 309 South St, 76527, this land boasts convenient access to Main Street and essential utilities. Electric, water, and sewer services are readily available on-site, simplifying development plans. The property is zoned MF-2, a Multiple-Family Residential District allowing for up to eight dwelling units per 20,000 square feet, offering significant potential for multi-family development. However, the zoning also permits the possibility of a single-family homesite, providing flexibility for various development scenarios. The asking price of $350,000 represents an absolute bargain, making this an incredibly attractive proposition for discerning investors seeking a prime location with high development potential in a thriving Texas community. The property's size and zoning flexibility make it suitable for a range of projects, from multi-family residential to potentially single-family homes. This is a rare opportunity to acquire a substantial land parcel within the city limits of Florence at an exceptionally competitive price. Don't miss this chance to secure a valuable asset in a growing market.
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.