50 Whispering Winds Dr Gunter, TX 75058-2512
- Commercial real estate
- 2,366 SF
- 6.16 lot acres
Current Use by Public Records
- One Preston Events / Event Venue
Property Details for 50 Whispering Winds Dr
- Year built
- 2017
- Lot size
- 6.16 lot acres
- Property size
- 2,366 SF
- Property type
- Commercial real estate
- APN
- 269 6897111
- APU
- 2696897111
Description
This exceptional 10.19-acre commercial property in Gunter, Texas, presents a unique redevelopment opportunity. Located at 50 Whispering Winds Dr, the site boasts four existing buildings totaling 12,013 square feet of gross leasable area, including a modern event center. Zoned C-1, it allows for diverse uses such as retail, office, commercial, and hotel development. The property enjoys prime visibility and accessibility with direct access to Preston Road, situated between US 75 and the future Dallas North Tollway. Anticipated city infrastructure improvements, including sewer and drainage upgrades, will further enhance its value and desirability. An additional nearly 4 acres are available for parking and future expansion, including potential hotel or retail development. The planned road improvements will increase the buildable land area. This property is ideally positioned to benefit from the robust market trends and continued growth in the Gunter area, making it an attractive investment for developers seeking significant return on investment. The property's strategic location and versatile zoning make it a compelling opportunity for a variety of commercial ventures. The existing buildings provide immediate income potential and a solid foundation for future expansion. This is a rare chance to acquire a substantial commercial property in a rapidly developing area of Grayson County. The asking price is $4,750,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $425,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $390,000
- 6.5%
- $360,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $449,000
Market price range: $116k - $450k
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Location Insight
- Map
- Local Demand
- City
- Gunter
- County
- Grayson
- State
- Texas
- Longitude
- -96.7373
- Latitude
- 33.4759
- CBSA code
- 43300
- CBSA name
- SHERMAN-DENISON, TX METROPOLITAN STATISTICAL AREA