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$1,750,000
TBD Hwy 377, Cresson, TX, 76035
On Market
Commercial
About this property
IDEAL DEVELOPMENT PROPERTY - 11.718 acres with over 1,100 feet of frontage along the west side of Hwy 377 just 2 miles north of Cresson's intersection of Hwy 377 and Hwy 171. Property lies within the City Limits of Cresson which is currently exploding in development. The tract is zoned RC (Restricted Commercial) with multiple permitted usages (see included Zoning Ordinances). Buyer to verify schools and all utilities. Survey loaded in the listing. Owner will consider subdividing.
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$0Estimated Mortgage Balance
$1,750,000Estimated Equity
100% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,500 /month
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Cash Flow Estimate:
$3,500 /month
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Estimated Taxes & Insurance
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Interest Rate Assumption
$X/month
No HOA
5.947%
12.4%