Property summary
This exceptional 0.76-acre commercial lot at 5900 Hightower Drive in Watauga, Texas presents a unique investment opportunity. Situated on a hard corner with signal lights, this property boasts excellent visibility and accessibility, making it highly attractive for a variety of commercial ventures. The location is surrounded by a dense residential area and a new subdivision, ensuring a strong customer base. All essential utilities, including sewer and water, are readily available. The lot has already been platted and is completely shovel-ready, minimizing development time and costs. Currently zoned for local business use, the property offers significant potential for rezoning. The city is open to considering rezoning applications for residential uses such as townhomes, multi-family dwellings, or mixed-use developments incorporating retail space on the ground floor and residential condos above. Prospective buyers are encouraged to contact the city directly to discuss specific project proposals and rezoning possibilities. This prime location, coupled with its readily available infrastructure and development-ready status, makes this a truly exceptional opportunity for investors seeking a high-impact commercial property in a thriving residential community. The asking price is $295,000.
Property profile
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Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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