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$599,000

16.6 acres Prichard Road, Commerce, TX, 75428

On MarketInfo
CommercialInfo
Baths0 Bath

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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0% equity
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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%

Learn About the Market: Opportunity in Texas

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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.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Commerce

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16.6 acres Prichard Road | Property Details | No Agent List