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$6,455,592

NAL Estimated Property Value

3360 N Interstate 35, Gainesville, TX, 76240

Off MarketInfo
CommercialInfo

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About this property

14.82 acres zoned for commercial use. Don't miss this rare opportunity to own 14.82 acres of strategically located land in Gainesville, Texas boasting approximately 500 feet of I-35 road frontage and bordering FM 372. This property offers unmatched visibility and access making it a prime location for commercial development. The land has already been zones for storage units, but is also ideal for a wide range of commercial uses, including hotels, retail centers or other I-35 facing businesses seeking high traffic, exposure and easy access. The property is just minutes from the heart of Gainesville and its positioning directly along a major interstate corridor, ensures continuous flow of local and regional traffic. There is an existing house on this property that holds no value in the listing and it's not considered part of the development potential. This acreage presents a high potential investment for developers or business owners looking to capitalize on Gainesville's growing market and the steady demand for convenient commercial access along I-35.

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$6,455,592
Estimated Property Value
$0Estimated Mortgage Balance
$6,455,592Estimated 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
$38,734 /month
Positive
Cash Flow Estimate:
$12,911 /month

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Financing Details

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

City: Gainesville