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Property profile & analytics
FOR SALE
Commercial real estate

8903 Wesley St Greenville, TX 75402

42.6 ac lot
Property ID
US82-9251179
Property summary
AI-generated overview

This exceptional 42.601-acre commercial land parcel in Greenville, Texas, presents a remarkable investment opportunity. Located within city limits, this property boasts 1178 feet of frontage on Wesley Street (State Hwy 34), offering unparalleled visibility and accessibility. Its strategic location is less than one mile from I-30 and 2.5 miles from FM 1570, ensuring convenient access for businesses and residents alike. The current zoning is Commercial-City, allowing for a wide range of development possibilities, including general retail, mixed-use, light industrial, and multi-family or single-family residential. The seller is willing to subdivide the property to accommodate various development plans. Utilities including water, sewer, and electric are readily available. The property has already undergone excavation, simplifying the development process. This area is experiencing rapid growth, with over 2500 homes under construction or planned within a two-mile radius, and new businesses are continually emerging nearby, including Wildcaters and Stainbeck commercial developments. The Texas Department of Transportation plans to widen Hwy 34, further enhancing accessibility and visibility. The current daily traffic count on Hwy 34 is between 23,000 and 25,000 vehicles. The asking price is $12,989,900, with a land value of $9.50 per square foot. This is a rare opportunity to acquire a large, high-visibility commercial tract in a thriving Texas market. 40.479 acres are currently zoned Commercial-Ag Exempt.

Property profile
Verified
Property type Commercial real estate
Lot 42.6 ac (1,855,700 SF)
UPID US82-9251179
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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