5817 Richmond Rd Texarkana, TX 75503
This exceptional 0.77-acre commercial property, located at 5817 Richmond Rd in Texarkana, Texas, presents a unique investment opportunity. Currently vacant, this 1-story, 1,380 square foot building sits on a sizable lot and is zoned for mixed-use development, offering significant potential for a variety of commercial ventures. The asking price is $300,000, translating to $217.39 per square foot. While the existing structure is of minimal value, the expansive lot size and strategic location in a mixed-use area make this an attractive proposition for redevelopment. The property's address is 5817 Richmond Rd, Texarkana, TX 75503, and is situated in Bowie County. The property is currently zoned residential, but its location within a mixed-use area suggests potential for rezoning or development under existing regulations. This presents a chance to create a tailored commercial space to suit your specific business needs. The property's size and location offer significant flexibility for future development. This is an ideal opportunity for investors seeking a prime location in a growing area. The property is currently vacant, allowing for immediate development or lease. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.