3113 Richmond RdTexarkana, TX 75503

For Sale
$2,645,000 View listing
  • Commercial real estate
  • 3,292 SF

Property Details for 3113 Richmond Rd

Year built
1993
Lot size
1.64 AC
Property size (Sq ft)
3,292 SF
Property type
Commercial real estate
APN
4955
APU
4955

Description

This exceptional 2.55-acre commercial property, located at 3113 Richmond Rd in Texarkana, Texas, presents a remarkable investment opportunity. Zoned for general retail, this land boasts a prime location along the Richmond Rd retail corridor, ensuring high visibility and accessibility. The property features excellent road frontage and benefits from a substantial daily traffic volume of 19,764 vehicles. Its strategic position offers easy access to major thoroughfares, including Interstate 30 (less than one mile away), and a thriving customer base in the Texarkana area. The site's previous use as a banking location further underscores its high-traffic potential. This corner lot is surrounded by established retail businesses, including Kohl's, Target, and Boot Barn, creating a synergistic environment for commercial or mixed-use development. The property includes one existing building suitable for executive office use. The asking price is $2,645,000. This is an ideal location for businesses seeking high visibility and convenient access to a robust consumer market. The 75503 zip code ensures a strong local presence within a well-established commercial area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $829,830
    Hospitality
    $760,120
    Educational
    $632,411
    Medical
    $654,160
    Retail
    $983,750
3113 Richmond Rd, Texarkana, Texas

Location Insight

City
Texarkana
County
Bowie
State
Texas
Latitude
33.4641
Longitude
-94.0948
CBSA code
45500
CBSA name
TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,209
$501,288
$218,712
$720,000
-
$501,288
$218,712
$720,000

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