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$150,000

602 S 3rd Street, Mabank, TX, 75147

Under ContractInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size18,731 sqft

Land Information

APN00.2390.0015.0009.00.95.05
Lot Number9,11,-
SubdivisionMabank Original
Land UseCommercial
Legal DescriptionMABANK ORIGINAL BLOCK 15 LOT 9 - 11
Census Tract051301
Assessed Land Value$74,923
Assessment Year2025

About this property

Discover this prime commercial lot for sale in fast growing Mabank, Texas. Located on the corner of S. 3rd Street and Walnut with approximately 125 feet of road frontage on a major state highway that sees close to 30,000 vehicles per day according to TxDOT. High visibility and heavy traffic make this an ideal location for a new business, investment property, or future commercial development. Utilities are available at the road, giving you quick access to water, sewer, and electric services. The land sits inside an Opportunity Zone, offering potential tax benefits for qualified investors and adding tremendous long term value for anyone looking to build or hold commercial real estate in the Cedar Creek Lake area. Surrounded by thriving nearby communities including Gun Barrel City, Kaufman, and Athens, this site benefits from a strong customer base and consistent growth. Mabank is known for its pro business environment, making the development process straightforward for retail, restaurant, fast food, salon, office, medical or your next business venture. This commercial property is perfectly positioned for developers, franchise owners, and investors seeking a high traffic location with excellent exposure and future growth potential. Its central location provides convenient access to nearby schools, restaurants, established businesses, and major routes, making it easily accessible for customers and deliveries. Whether you’re planning immediate construction or securing a strategic investment for the years ahead, this site offers the space, access, and visibility your business needs to succeed. Buyer to verify zoning and permitted uses.

Investor Tools

$56,121Estimated Mortgage Balance
$18,802Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,424
$74,923
2025
$74,923
N/A
$74,923
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,424
$74,923

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Commercial
$68,000
No
First
Dec 21, 2017
Dec 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$56,121
$18,802
25%
75%
$408/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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: Mabank

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