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$890,000

$1,000,000

509 US HWY 271 N, Gilmer, TX, 75644

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CommercialInfo
Price DropInfo
Baths0 Bath
Year BuiltBuilt in 1990

About this property

Prime Commercial Property-High Traffic Location in Gilmer, TX! Located just feet from the intersection of US Hwy 271 N and TX 155 N, this exceptional commercial property offers outstanding visibility and access in one of East Texas most traveled corridors. Spanning over 3800 SF on a .81 acre lot, this versatile property is an ideal investment for entrepreneurs, developers, or business owners seeking a prominent location. Currently operating as a restaurant, the main building offers a spacious layout suitable for a range of commercial uses. The property also includes two additional structures -a large metal storage building and a smaller shed-providing ample space for equipment, supplies, or future development. With dual frontage on Scott St and its proximity to two major highways, this property benefits from constany drive-by traffic and excellent exposure. The expansive lot offers plenty of room for parking or future expansion whether you envision retail, office space, food service, or a mixed -use concept. Don't miss your chance to town a high visibility, high potential commercial property in the heart of Gilmer!

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$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,340 /month
Positive
Cash Flow Estimate:
$1,780 /month

Interested in this property?

Abigail Stewart

Stewart Realty

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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: Gilmer

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