500 15Th St Hereford, TX 79045
This exceptional 9.813-acre commercial land parcel presents a unique investment opportunity in Hereford, Texas. Strategically located between the Walmart Supercenter and Hereford Regional Medical Center, this level tract boasts high visibility and accessibility. The property features 308 feet of frontage along West 15th Street, providing ample space for development. A significant advantage is the 1442-foot private entrance offering potential for medical office development adjacent to the hospital. The location benefits from proximity to other established businesses, including Tractor Supply and Whiteface Ford, ensuring a strong retail presence in the immediate vicinity. Furthermore, the area is served by local and regional educational institutions such as Amarillo Junior College and the Hereford ISD Administration building, contributing to a thriving community. The property's Commercial zoning allows for a wide range of development possibilities. The seller will consider subdividing the property to accommodate specific development needs. The asking price for this exceptional property is $275,000. The property's APN is 920479, and ownership is held by Rosedale International Ltd. This is a rare opportunity to acquire a significant commercial land holding in a growing Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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