




$599,000
16.6 acres Prichard Road, Commerce, TX, 75428
About this property
Prime 16.6-acre development opportunity in the growing community of Commerce, Texas. Currently zoned for multifamily residential use (City approved plat on file) and previously zoned industrial, this versatile tract offers exceptional potential for apartment, townhome, student housing, or mixed residential development. The property features a beautiful natural setting with mature trees, open areas, and multiple small ponds that create an attractive backdrop for future development. Ideally located near East Texas A&M University, the site benefits from strong housing demand generated by students, faculty, staff, and the expanding local workforce. Commerce continues to experience growth, with multifamily development playing an important role in meeting housing needs throughout the area. With ample acreage, natural amenities, and a strategic location near major employment, education, and retail centers, this property presents a rare opportunity for investors, developers, and builders seeking a well-positioned multifamily development site in Northeast Texas. Buyer to verify all zoning, utilities, development requirements, and intended uses. City Park across the street, minutes from highways, shopping and the college.
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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Commerce
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