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$12,122,748
Est. payment /mo
27.81 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20830655
Year Built 1800
Annual Tax Amount $49,694
Lot Size 27.815 Acres
Acres 27.8146
Property Sub-Type Unimproved Land
Property Description
Looking for Investors and Developers!! Reduced dramatically! This property could be divided into a 19+ acre and a 8+ acre piece. Acquiring approximately 27+ acres of commercial land along I-35 in Gainesville, TX presents a remarkable opportunity for development, particularly for restaurants and hotels. This prime location is strategically positioned to benefit from the high traffic visibility and accessibility provided by the major interstates, I-35 and Hwy 82, which serves as a vital corridor connecting various key cities in Texas. The areas proximity to local attractions and amenities enhances its appeal as a convenient stopover for travelers, thereby boosting potential footfall for businesses. Not to mention, close to the famous Winstar World Casino. Gainesville itself is a growing community with a steady influx of visitors and residents, making it a fertile ground for hospitality ventures. Investing in this land could cater to the increasing demand for accommodation and dining options, tapping into both local and short-term markets. With thoughtful planning and development, this site could become a thriving commercial hub that not only benefits investors but also contributes positively to the economic landscape of Gainesville.
Location
State TX
County Cooke
Zoning 2014 COMM
Direction This property is located just North of Hwy 82 on the west side of I-35 in Gainesville. This property has approx. 19+ acres South of Old Sivells Bend Rd, and approx. 8+ acres North of Old Sivells Bend Rd.
Exterior
Utilities Available Dirt
Garage No
Building
Lot Description Acreage
Structure Type Other
Others
Ownership McElreath
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20830655
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Listed by TANDA STRINGFELLOW • Tanda Stringfellow Broker