2713 Medford DrLufkin, TX 75901
- Commercial real estate
- 288 SF
Property Details for 2713 Medford Dr
- Year built
- 1995
- Property size (Sq ft)
- 288 SF
- Property type
- Commercial real estate
- APN
- 3696E-375-001-001-00-B00
- APU
- 3696E37500100100B00
Description
This exceptional 12.11-acre commercial property presents a compelling investment opportunity in Lufkin, Texas. Boasting approximately 140 feet of frontage on the heavily trafficked Loop 287, this strategically located land offers significant visibility and accessibility. The property also benefits from convenient access via Sybil Street, providing alternative ingress and egress points. Currently tenant-occupied by Earth N Stone under a month-to-month lease agreement, the property provides a steady income stream. It's important to note that a 90-day notice is required for tenant vacating. The existing buildings and all inventory on the property are owned and maintained by the tenant. This presents a unique opportunity for an investor seeking a property with immediate cash flow potential or a developer looking to capitalize on the prime location and high traffic count. The substantial acreage allows for a variety of development possibilities, making this a versatile and attractive investment in a growing Texas market. The property is priced at $1,300,000, reflecting its prime location and potential for future growth. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $90,620
- Hospitality
- $83,007
- Educational
- $69,061
- Medical
- $71,436
- Retail
- $107,428
Location Insight
- City
- Lufkin
- County
- Angelina
- State
- Texas
- Latitude
- 31.315
- Longitude
- -94.7039
- CBSA code
- 31260
- CBSA name
- LUFKIN, TX MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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