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$1,313,500

NAL Estimated Property Value

TBD Hwy 56, Honey Grove, TX, 75446

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

LOCATION, LOCATION, LOCATION!! FABULOUS Opportunity for DEVELOPMENT of over 65 Acres near Bois d'Arc Lake and the future Lake Ralph Hall in Fannin County!! An Investor's Dream! Located near the intersection of HWY 56 and HWY 82, this property offers an array of possibilities! Over 1600' of Hwy frontage, this property is currently used for farming, but can be improved upon with commercial and other possibilities! Water available. Rails and Trails program at the back of property linking trails to downtown Honey Grove and Bois d'Arc Lake! The future is bright for this region and progress is waiting for you!

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0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,881 /month
Positive
Cash Flow Estimate:
$2,627 /month

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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: Honey Grove

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TBD Hwy 56 | Property Details | No Agent List