6467 Fm 2494 Athens, TX 75751
- Commercial real estate
- 32,362 SF
- 1.02 lot acres
Current Use by Public Records
- Dogwood Church / Church
Property Details for 6467 Fm 2494
- Year built
- 1994
- Lot size
- 1.02 lot acres
- Property size
- 32,362 SF
- Property type
- Commercial real estate
- APN
- 2625-0000-0080-00
- APU
- 26250000008000
Description
Exceptional investment opportunity: a 44,300 square foot, two-story flex building situated on a 5.23-acre lot in Athens, Texas. This vacant property, classified as Class B, presents a unique chance for owner-users seeking a versatile space. Built in the 1980s or 1990s, the building is zoned for use outside city limits, offering flexibility for various commercial applications, including its previous use as a church and flex space. The property's strategic location in Athens, Texas, provides convenient access to major transportation routes. Athens is situated on US Hwy 31, State Hwy 19, and Hwy 175, offering easy connections to Tyler (36 miles west), Palestine (34 miles north), Dallas (68 miles southeast), and I-20 (24 miles south). This prime location provides access to the broader East Texas region and is approximately an hour's drive from the fifth-largest metroplex in the U.S. The nearest commercial airport is located in Tyler, Smith County, Texas. The asking price for this substantial property is $3,950,000. This represents a significant opportunity for investors seeking a substantial property with high potential for return. The property's size and versatility make it ideal for a range of commercial uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $640,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $635,000
- 6.5%
- $670,000
- 7%
- $675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $620,000
- Geo Method
- $690,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $555,000
- Retail
- $580,000
- Mixed-Use
- $655,000
- Hospitality
- $555,000
- Educational
- $625,000
- Residential Income
- $750,000
- Energy
- $620,000
- Income-Based Land
- $615,000
- Food Service
- $660,000
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Henderson
- State
- Texas
- Longitude
- -95.897
- Latitude
- 32.1647
- CBSA code
- 11980
- CBSA name
- ATHENS, TX MICROPOLITAN STATISTICAL AREA