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Property Listing: Status: Sold (Listed on: 07/23/2021)
1 Acre With Public Utilities In Commerce - 1 Hour To Dallas
Listing ID:
8531
Price:
$29,987
1.09 Acres +/-
General Location:
Address:
Pickett St, Commerce, TX 75428, USA, Pickett St
City, State Zip:
Commerce, TX 75428
County:
Hunt County
MLS #:
Listing ID:
8531
Description:
Zoning allows for single, and multi-family homes, and even a mobile home park potentially!
This nice level 1 acre lot inside the city limits of Commerce, TX offers a lot of flexibility. If you're looking for a place to build your home, or if you're an investor looking for an opportunity - this could be it!
Not only is the size unusually large for being within the city limits (most residential lots are around 1/4 acre, not a whole acre like this one!), but the zoning (A-2) would allow for multi-family homes , and we're told by the city that a mobile-home park may also be allowable here. (please do your own due-diligence to confirm).
With the flexibility in the zoning to potentially allow for more than simply a single-family home, and the fact that Texas A&M University is located only 20 minutes walk from the property (ie, students looking for a place to rent?), could this be a great opportunity for the savvy investor or real estate developer?
Something we love about this property is that being in town, you're in walking distance to groceries, USPS, the bank, the police station, restaurants, you name it!
There's paved road frontage on two sides of the property, and the remaining two sides face undeveloped brush right at the edge of the Old Town of Commerce. Public water and sewer are available but not currently installed, and of course power is at the road also.
This property is inside of the City of Commerce's "Neighborhood Empowerment Zone": which means there are incentives if you choose to develop the property. There are reduced development fees and property taxes. Known requirements to qualify are: must install a concrete driveway, 80% of total exterior walls must be masonry, must apply before you begin construction. Mobile Home Parks may not qualify - and again, please do your own research to confirm these details.
And as we always do, we're selling this property at a great price below market value. In line with city requirements, we're keeping this one mowed too, so viewing and walking the property should be a joy!
Please note that this property has not been surveyed, so all depicted boundaries are approximate.
Flexible zoning allows multi-family homes
Public water and sewer available
Nearby Attractions:
Welcome Center - Texas A&M University - 20 mins walk
Memorial Stadium (Commerce, TX) - 25 mins walk
Cooper Lake State Park - 25 mins drive
Nearby Cities / Towns:
Commerce, TX - 5 min walk
Greenville, TX - 20 min drive
Dallas, TX - 1 hr drive
Fort Worth, TX - 1 hr 30 min drive
This land has clear and marketable title, with no liens or back-taxes owed.
This nice level 1 acre lot inside the city limits of Commerce, TX offers a lot of flexibility. If you're looking for a place to build your home, or if you're an investor looking for an opportunity - this could be it!
Not only is the size unusually large for being within the city limits (most residential lots are around 1/4 acre, not a whole acre like this one!), but the zoning (A-2) would allow for multi-family homes , and we're told by the city that a mobile-home park may also be allowable here. (please do your own due-diligence to confirm).
With the flexibility in the zoning to potentially allow for more than simply a single-family home, and the fact that Texas A&M University is located only 20 minutes walk from the property (ie, students looking for a place to rent?), could this be a great opportunity for the savvy investor or real estate developer?
Something we love about this property is that being in town, you're in walking distance to groceries, USPS, the bank, the police station, restaurants, you name it!
There's paved road frontage on two sides of the property, and the remaining two sides face undeveloped brush right at the edge of the Old Town of Commerce. Public water and sewer are available but not currently installed, and of course power is at the road also.
This property is inside of the City of Commerce's "Neighborhood Empowerment Zone": which means there are incentives if you choose to develop the property. There are reduced development fees and property taxes. Known requirements to qualify are: must install a concrete driveway, 80% of total exterior walls must be masonry, must apply before you begin construction. Mobile Home Parks may not qualify - and again, please do your own research to confirm these details.
And as we always do, we're selling this property at a great price below market value. In line with city requirements, we're keeping this one mowed too, so viewing and walking the property should be a joy!
Please note that this property has not been surveyed, so all depicted boundaries are approximate.
Flexible zoning allows multi-family homes
Public water and sewer available
Nearby Attractions:
Welcome Center - Texas A&M University - 20 mins walk
Memorial Stadium (Commerce, TX) - 25 mins walk
Cooper Lake State Park - 25 mins drive
Nearby Cities / Towns:
Commerce, TX - 5 min walk
Greenville, TX - 20 min drive
Dallas, TX - 1 hr drive
Fort Worth, TX - 1 hr 30 min drive
This land has clear and marketable title, with no liens or back-taxes owed.
Map:
33.2472, -95.893(Click the marker to open in Google Maps.)
