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$750,000

NAL Estimated Property Value

13596 Fm 859, Wills Point, TX, 75169

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CommercialInfo

About this property

This lot is behind multiple lots with high visibility Interstate 20 location excellent for restaurants, hotel, retail, or recreational businesses and next to very visible tourist attraction Splash Kingdom Water Park. This lot is 6.310 acres including an existing home and outbuilding structure with pond. Primary access is currently off FM 859. The structure is being marketed as part of commercial land sale and not residential. Multiple lots offered, see other MLS listings. Canton is the county seat for Van Zandt County and has the world famous First Monday Trade Days every month. The area is an ideal tourist destination with lakes, parks, recreational opportunities nearby and a growing population for those looking for an escape from bustling metro areas to an easier going rural like lifestyle. Buyers will be responsible for engineering, designing, road and infrastructure improvements, and any related costs to develop the lot.

Investor Tools

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$750,000
Estimated Property Value
$0Estimated Mortgage Balance
$750,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Wills Point

13596 Fm 859 | Property Details | No Agent List