1961 Fm 1375 RdHuntsville, TX 77340

Property Details for 1961 Fm 1375 Rd

Year built

2006

Lot size

46.57 AC

Property size (Sq ft)

309 SF

Property type

Commercial real estate

APN

21229

APU

21229

Description

This exceptional Texas property offers a unique blend of commercial and residential opportunities. Nestled on over 53 acres of unrestricted land in Huntsville, Walker County, this expansive estate includes a 7,400 square foot event venue complete with a commercial kitchen and restrooms, perfectly suited for weddings or corporate events. The property also boasts a luxurious 5,700 square foot, two-story home capable of comfortably accommodating nineteen or more guests. Amenities include a heated pool, a private pond, and ample parking, including a three-car attached garage. Built in 2002, the two buildings sit on a sprawling lot, offering significant development potential. The property's convenient location, just nine minutes from I-45, provides easy access while maintaining a secluded and tranquil atmosphere. The existing infrastructure includes five HVAC systems and a commercial septic system, supporting the versatility of the 7,400 square foot commercial building. This adaptable space could be repurposed for various uses, including a wellness center, convention center, office space, or workshop. The asking price is $2,950,000, with a price per square foot of $226.84. This turnkey operation presents a rare opportunity to acquire a substantial property with diverse income streams and significant growth potential. The property's combination of event space, comfortable lodging, and expansive acreage makes it an attractive investment for a variety of buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $96,269.20

  6.5%

  $88,863.80

  7%

  $82,516.40

• Comparable approach

  Method

  Valuation

  Relative Method

  $58,363.80

  Geo Method

  $92,511.50

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $179,945

  Retail / Commercial

  $91,297.60

  Mixed-Use / Specialty

  $90,201.90

  Hospitality / Lodging

  $65,175.50

  Office

  $88,863.80

  Institutional / Educational

  $93,498.40

  Residential Income

  $109,393

  Multifamily

  $135,470

  Automotive / Energy

  $80,141.50

  Parking / Income-Based Land

  $28,416.80

  Restaurant / Food Service

  $45,271

  Healthcare / Senior Housing

  $93,290.20

Location Insight

City

Huntsville

County

Walker

State

Texas

Latitude

30.5816

Longitude

-95.4436

CBSA code

26660

CBSA name

HUNTSVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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