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Property profile & analytics
OFF-MARKET
Commercial real estate

4811 State Highway 31 Kilgore, TX 75662

1,848 SF 3.78 ac lot Built 1997
Property ID
US82-6415274
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1997
Total area 1,848 SF
Lot 3.78 ac (164,570 SF)
UPID US82-6415274
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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