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$349,500

$372,500

7697 State Hwy 155 N, Gilmer, TX, 75644

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About this property

This is a rare opportunity to own a highly versatile East Texas property offering both commercial and residential potential. Located outside city limits with valuable highway frontage, the property sits less than 2 miles north of Barnwell Mountain Recreation Area and just 8 miles from downtown Gilmer, making it an excellent option for cabins, RV park development, recreational rentals, a live/work setup, or a long-term investment. Spanning approximately 11.6 acres, the property features a pond, utilities already on site, and two existing buildings, providing a strong foundation for future growth. The main red shop building, built in 2004 and offering approximately 1,200 square feet, is equipped with LED lighting, washer and dryer connections, and a restroom with ample space to add a corner shower. Covered overhangs on both the front and back create ideal areas for equipment storage, staging, or outdoor workspace. Also included is a 2020 green portable building (approximately 588 square feet) currently configured as a 1 bedroom, 1 bath cabin with kitchenette. This space offers flexibility for on-site living, guest accommodations, or rental income, and could also be adapted for office or management use. The cabin includes a shower and sinks and simply needs the toilet installed and tied into existing plumbing to be completed. In 2025, three commercial-sized septic tanks were installed, offering a major advantage for expansion or additional structures. With excellent road frontage, usable acreage, and multiple development paths, this property presents a unique opportunity for buyers seeking to operate a business, generate income, or combine residential and commercial use—an increasingly hard-to-find setup in East Texas.

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$0Estimated Mortgage Balance
$349,500Estimated Equity
100% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,097 /month
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Cash Flow Estimate:
$699 /month

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Sarah Bell

Texas Real Estate Executives

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Financing Details

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

City: Gilmer

7697 State Hwy 155 N | Property Details | No Agent List