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Days49Days on Market
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$775,000

762 E Main Street, Gun Barrel City, TX, 75156

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1 acre

Land Information

APN2920-0001-0070-53
Lot Number7
SubdivisionHammer Clyde (22)
Land UseResidential
Legal DescriptionAB 794 G T WALTERS SUR, CLYDE HAMMER SUBD, BLK A LT 7 (UNREC)
Census Tract950604
Assessed Land Value$9,000
Assessed Improvement Value$1,774
Assessment Year2025

About this property

Prime 7.06 acre commercial development opportunity in Gun Barrel City. Zoned B-2 General Business, this tract offers broad potential for retail, office, medical, hospitality, automotive, contractor services and other commercial uses. Positioned on E. Main Street in a high-visibility corridor near Cedar Creek Lake, the property offers substantial frontage and a central location near major retailers, restaurants, and daily traffic drivers. The site contains approximately 7.06 acres and has been laid out for multiple tracts, creating flexibility for phased development, pad site planning or a larger commercial project. Key development components are already taking shape. A TxDOT permit has been issued for two commercial driveways along Sate Highway 334, supporting access planning, and nearby utility information notes a 4-inch water main and 2.5-inch low-pressure sewer force main in the area. The property’s zoning, frontage, and location within the Cedar Creek Lake trade area make it well suited for developers seeking a site with multiple commercial paths forward, whether for immediate vertical development or phased commercial expansion. A market study prepared for the site also identified strong support in the area for boat and RV storage uses, reinforcing the tract’s broader commercial potential. Well-positioned commercial land with strong visibility, flexible zoning, access planning, and development potential in one of the area’s most active growth corridors in East Texas.

Investor Tools

$15,823Estimated Mortgage Balance
$303,177Estimated Equity
95% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,650 /month
Positive
Cash Flow Estimate:
$1,550 /month

Interested in this property?

Jamye Montgomery

KW-Cedar Creek Lake Properties

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$137/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$47
$10,774
2025
$9,000
$1,774
$10,774
No

Tax History

Year
Tax Paid
Assessed Value
2024
$47
$10,774

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Anna Ruth Reed
Unknown
$30,000
No
First
Nov 20, 2007
Dec 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$15,823
$303,177
95%
5%
$180/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: Gun Barrel City

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