For Sale
$749,999

4384 State Hwy Glen Rose, TX 76043

18 Acres, Hwy 144, High Income

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 18.373-acre property in Somervell County, Texas, boasts significant income potential and diverse usage possibilities. Located on State Highway 144, approximately one mile from Glen Rose, the land offers 900 feet of prime road frontage. The property includes a currently leased commercial business (generating $2000 monthly income) and four leased mobile homes, providing an additional $5300 in monthly rental income (one doublewide is currently occupied by the manager as part of their employment agreement). The existing leases offer a current 7% capitalization rate. The property features a well and two septic systems, with county water also available. A survey is readily available for review. The permitted zoning is mixed-use, allowing for a variety of development options. The asking price is $749,999, representing a land value of approximately $48,930 per acre. This turnkey investment opportunity combines established income streams with significant future development potential in a desirable Texas location. The five existing buildings consist of the commercial business and four mobile homes. This property presents a rare blend of immediate income and long-term growth potential.

Highlights

  • $749,999 asking price for 18.373 acres of mixed-use land.
  • Located at 4384 State Hwy 144, Glen Rose, TX 76043.
  • Property includes five buildings: a commercial gun shop and four mobile homes, all currently leased.
  • Generates approximately $5,300 in monthly rental income, resulting in a 7% capitalization rate.
  • Features 900 feet of highway frontage on Hwy 144, offering excellent visibility and accessibility.
  • Includes a well and two septic systems; county water also available.

Property Details for 4384 State Hwy

Property type
Specialty properties, Mixed-use properties
Class
C
Buildings
5

Location Insight

City
Glen Rose
County
Somervell
State
Texas
Latitude
32.1817164
Longitude
-97.7486355

FAQs

What type of property is this?
Specialty property - 18 Acres, Hwy 144, High Income
Where is the specialty property located?
The property is located at 4384 State Hwy Glen Rose, TX.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: $749,999 asking price for 18.373 acres of mixed-use land.; Located at 4384 State Hwy 144, Glen Rose, TX 76043.; Property includes five buildings: a commercial gun shop and four mobile homes, all currently leased.
How can I contact the broker?
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4384 State Hwy
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