301 Highway 287Decatur, TX 76234

  • Commercial real estate
  • 5,653 SF
For Sale
$1,100,000 View listing

Property Details for 301 Highway 287

Year built
1970
Lot size
1.49 AC
Property size (Sq ft)
5,653 SF
Property type
Commercial real estate
APN
D2843.0205.00
APU
D2843020500

Description

This exceptional 1.49-acre industrial land parcel, located at 301 N. Highway 287 in Decatur, Texas, presents a compelling investment opportunity. Priced at $1,100,000, this single-tenancy property boasts a substantial 5,653 square feet of buildable space. The property is zoned C-2, offering a wide range of potential uses within the industrial sector. Situated in Wise County, Texas, with a 76234 zip code, this location provides convenient access to major transportation routes, enhancing its logistical appeal. The single existing building on the site provides a solid foundation for immediate use or redevelopment, depending on the buyer's needs. The expansive lot size allows for significant flexibility in terms of future expansion or development. This property is ideal for businesses seeking a strategic location in a growing Texas market. The combination of size, zoning, and location makes this a rare find in the Decatur industrial real estate market. Serious inquiries are encouraged to explore the full potential of this valuable asset. Coordinates are 33.2361796 latitude and -97.5980836 longitude.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,216,733
    Hospitality
    $1,114,521
    Educational
    $927,268
    Medical
    $959,158
    Retail
    $1,442,417

Location Insight

City
Decatur
County
Wise
State
Texas
Latitude
33.2361
Longitude
-97.598
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
$16,732
$381,890
$540,511
$922,401
-
$381,890
$540,511
$922,401

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