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$599,000

16.6 acres Prichard Road, Commerce, TX, 75428

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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.

Investor Tools

$0Estimated Mortgage Balance
$599,000Estimated 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
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

Interested in this property?

Vickie Davis

Vickies Real Estate Group, Inc

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Financing Details

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

City: Commerce

16.6 acres Prichard Road | Property Details | No Agent List