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$ 269,000
Est. payment | /mo
1.24 Acres Lot
$ 269,000
Est. payment | /mo
1.24 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 619299
Construction Status Resale
HOA Y/N No
Lot Size 1.240 Acres
Acres 1.24
Property Sub-Type Acreage
Property Description
Rare highway frontage opportunity on Highway 95, positioned on the growth path toward Academy and Little River. This 1.24 acre triangular tract (per survey) offers direct highway visibility and access, with a permitted TXDOT entrance already in place. The property is unrestricted, giving a future owner flexibility to hold, develop, or reposition as the corridor continues to grow.
Two existing structures on site, an office building and a shop building, are currently generating rental income, giving a buyer the rare ability to hold a highway frontage tract while it appreciates, without carrying it as raw, unproductive land. Tenant 1 leases the mobile home lot at $500/month, with a lease running through July 2027. Tenant 2 leases the office building on a week-to-week basis at $100/week. Combined, the two leases generate approximately $930/month in gross income. Recent upgrades include a new roof, fresh paint, new electrical service, and a mini split HVAC system on the office building, plus new concrete and electrical and framing upgrades underway on the shop. A new aerobic septic system was installed in 2022, and the property has three active electric meters and city water meter.
Bring your vision for this growth corridor tract, or hold it and let the income carry it.
Two existing structures on site, an office building and a shop building, are currently generating rental income, giving a buyer the rare ability to hold a highway frontage tract while it appreciates, without carrying it as raw, unproductive land. Tenant 1 leases the mobile home lot at $500/month, with a lease running through July 2027. Tenant 2 leases the office building on a week-to-week basis at $100/week. Combined, the two leases generate approximately $930/month in gross income. Recent upgrades include a new roof, fresh paint, new electrical service, and a mini split HVAC system on the office building, plus new concrete and electrical and framing upgrades underway on the shop. A new aerobic septic system was installed in 2022, and the property has three active electric meters and city water meter.
Bring your vision for this growth corridor tract, or hold it and let the income carry it.
Location
State TX
County Bell
Interior
Fireplace No
Exterior
Fence Full, Partial Cross, Perimeter
Community Features None
Utilities Available Electricity Available
View Y/N No
View None
Building
Sewer Not Connected (at lot), Public Sewer
Additional Building Garage(s), Outbuilding
Construction Status Resale
Schools
Elementary Schools Academy Elementary School
Middle Schools Academy Middle School
High Schools Academy High School
School District Academy Isd
Others
Tax ID 316663
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Blake Lufburrow • Two Lakes Real Estate
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