1731 Walnut Creek DrMansfield, TX 76063

  • Commercial land
  • 1.03 AC
For Sale
$385,000 View listing

Property Details for 1731 Walnut Creek Dr

Lot size
1.03 AC
Property type
Commercial land
APN
24753L-1-1
APU
24753L11

Description

This exceptional 1.03-acre vacant lot presents a compelling investment opportunity in the thriving Mansfield, TX market. Positioned directly across from Clayton W. Chandler Park, this property enjoys unparalleled visibility and accessibility. Its strategic location is further enhanced by its proximity to a planned 128-unit townhome development and a future commercial project at the intersection of Walnut Creek Drive and East Debbie Lane. This indicates significant future growth and increased property value in the immediate vicinity. The property is part of a larger land package, offering a combined 108,542 square feet of commercial land for $930,460. However, this individual 1.03-acre lot is available for purchase separately at $385,000, representing a unique chance to capitalize on the area's rapid development. Ideal for early-stage development, this lot offers significant potential for a variety of commercial ventures, benefiting from the burgeoning residential and commercial growth in the surrounding community. The high visibility and convenient location make this an attractive proposition for businesses seeking to establish a strong presence in a rapidly expanding area. This is a rare opportunity to acquire a strategically located parcel in a high-growth market, offering substantial returns on investment for forward-thinking developers. The property's size and location make it suitable for a range of commercial uses, providing flexibility for investors to tailor their development plans to meet specific market demands.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,843,831
    Hospitality
    $9,016,896
    Educational
    $7,501,952
    Medical
    $7,759,956
    Retail
    $11,669,703

Location Insight

City
Mansfield
County
Tarrant
State
Texas
Latitude
32.597
Longitude
-97.1317
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX 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
$7,261
$314,384
-
$314,384
-
$314,384
-
$314,384

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