4811 State Highway 31 Kilgore, TX 75662
- Commercial real estate
- 1,848 SF
- 3.78 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4811 State Highway 31
- Year built
- 1997
- Lot size
- 3.78 lot acres
- Property size
- 1,848 SF
- Property type
- Commercial real estate
Description
This exceptional 3.778-acre property, located at 4811 West State Highway 31 in Kilgore, Texas, presents a unique investment opportunity. The site boasts a 1,848 square foot retail building constructed in 1997, currently featuring two manufactured homes. The property's significant 1,000 feet of road frontage along Highway 31, a major thoroughfare with high traffic volume, offers tremendous potential for diverse uses. Current plans to widen Highway 31 from two to four lanes further enhance the property's value and accessibility. While a 0.5878-acre strip of land along the frontage is in negotiations for sale to the Texas Department of Transportation (TXDOT), the remaining 3.190 acres after the sale will still provide ample space. This versatile land is ideal for a variety of commercial ventures, including but not limited to an RV park, mobile home park, or subdivision. Residential uses such as multi-family dwellings or even agricultural pursuits like horse or cattle farming are also feasible. The asking price is $299,900, translating to $162.28 per square foot. The property's zoning and potential uses should be verified independently. This prime location near the well-known Country Tavern barbecue restaurant makes this a truly remarkable opportunity for investors seeking high-traffic exposure and diverse development possibilities. The single-story building offers immediate income potential, while the expansive acreage provides significant long-term growth prospects.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kilgore
- County
- Gregg
- State
- Texas
- Longitude
- -94.8728093
- Latitude
- 32.3754774
