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    FOR SALE
    Commercial real estate

    501 Ames St, Gladewater, TX 75647

    24,172 SF 3.65 ac lot Built 1969
    Entity Owned 22-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-2983238
    Property summary
    AI-generated overview

    This exceptional 3.65-acre commercial property located at 501 Ames, Gladewater, TX, presents a unique redevelopment opportunity. Previously utilized as a convalescent home, the property offers significant potential for a variety of commercial ventures. The expansive lot size provides ample space for new construction or adaptive reuse, catering to a wide range of business needs. The property's location in Gladewater, TX, offers access to local amenities and a growing community. Given its history and size, this site is ideal for entrepreneurs and developers seeking a prime location to establish a new business or expand existing operations. The seller is actively seeking offers, making this an attractive investment opportunity for those with a vision for transforming this property into a thriving commercial asset. The absence of a listed square footage allows for flexible development plans, accommodating various building sizes and configurations. Serious inquiries are encouraged to explore the possibilities and submit proposals. The property is being sold as-is. Interested parties are responsible for conducting their own due diligence and verifying all information. This is a chance to acquire a substantial piece of commercial real estate in a desirable location with significant upside potential. Don't miss this chance to shape the future of this property.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1969
    Total area 24,172 SF
    Lot 3.65 ac (158,994 SF)
    APN 0349017902-029-00-01
    UPID US82-2983238
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $930k
    Owner & transaction history
    Adp Properties Ltd · 22 yrs held
    Adp Properties Ltd
    since 2004
    1 recorded transaction
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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