699 Pine St, Frankston, TX 75763
This 0.21-acre commercial lot boasts approximately 100 feet of frontage on US Highway 175 (Pine Street) in Frankston, Texas. Zoned for commercial use, this property presents a compelling investment opportunity. The asking price is $20,000, translating to $96,154 per acre. The lot encompasses 9,060 square feet. Its strategic location offers excellent visibility and accessibility. Less than a mile away, a new Tractor Supply store is situated, indicating growth in the area. The City of Frankston is actively exploring the annexation of properties along US Highway 175 west of this location, with potential plans to extend city water and sewer services. This presents significant future development potential. The property is ideal for various uses, including storage, the construction of storage buildings, or establishing a small business. Alternatively, it can be held as an investment, anticipating future appreciation in land value. 2023 real estate taxes totaled $97.17. The Anderson County APN is 64363. The property address is 699 Pine St, Frankston, TX 75763.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.