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$9,692,971

2235 N I-35 Highway, Gainesville, TX, 76240

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CommercialInfo

About this property

Looking for Investors and Developers!! Reduced dramatically! This property could be divided into a 19+ acre and a 8+ acre piece. Acquiring approximately 27+ acres of commercial land along I-35 in Gainesville, TX presents a remarkable opportunity for development, particularly for restaurants and hotels. This prime location is strategically positioned to benefit from the high traffic visibility and accessibility provided by the major interstates, I-35 and Hwy 82, which serves as a vital corridor connecting various key cities in Texas. The areas proximity to local attractions and amenities enhances its appeal as a convenient stopover for travelers, thereby boosting potential footfall for businesses. Not to mention, close to the famous Winstar World Casino. Gainesville itself is a growing community with a steady influx of visitors and residents, making it a fertile ground for hospitality ventures. Investing in this land could cater to the increasing demand for accommodation and dining options, tapping into both local and short-term markets. With thoughtful planning and development, this site could become a thriving commercial hub that not only benefits investors but also contributes positively to the economic landscape of Gainesville. **Motivated Seller! Let's Talk!**

Investor Tools

$0Estimated Mortgage Balance
$9,692,971Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$58,158 /month
Positive
Cash Flow Estimate:
$19,386 /month

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TANDA STRINGFELLOW

Tanda Stringfellow Broker

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Financing Details

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

City: Gainesville