332 1st St Springtown, TX 76082-2532
This exceptional 5.63-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding Springtown, Texas market. Located at 332 W 1st St, Springtown, TX 76082, this property boasts a highly desirable Commercial zoning designation, opening doors to a diverse range of development possibilities. The zoning permits the construction of hotels, townhomes, and retail spaces, catering to the area's burgeoning demand for new commercial and residential options. The current asking price is $1,950,000. Existing structures on the property generate an approximate annual income of $80,000, offering immediate return potential alongside future development prospects. Situated at the Northwest corner of Highway 199 and 1st Street, this location provides excellent visibility and accessibility, ensuring high traffic flow and strong potential for attracting businesses and residents. This is an ideal site for developers seeking to capitalize on Springtown's robust growth trajectory, whether focusing on retail development or residential construction. The property's size and zoning flexibility make it a truly unique and compelling investment opportunity in a thriving Texas market. Don't miss this chance to secure a prime piece of land in one of the state's fastest-growing areas.
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U-Haul Neighborhood Dealer Car Rental Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.