401 Lhs DrLumberton, TX 77657

  • Commercial land
  • 2.26 AC
For Sale
$1,500,000 View listing

Property Details for 401 Lhs Dr

Year built
2000
Lot size
2.26 AC
Property type
Commercial land
APN
000002-002368
APU
2002368

Description

This exceptional 2.26-acre commercial land parcel presents a remarkable investment opportunity in Lumberton, Texas. Located at the highly visible, signalized corner of Hwy 69 and Wheeler Road, this C-2 zoned property boasts 350 feet of Hwy 69 frontage and 290 feet along Wheeler Road. The site is strategically positioned north of a Walmart, surrounded by residential development, ensuring high visibility and substantial foot traffic. Four curb cuts are already in place, simplifying development. The property includes 14 parking spaces and comes with a "No Further Action" letter confirming the removal of existing tanks, eliminating potential environmental concerns. This prime location is perfect for a quick-service restaurant (QSR) or financial institution. The property is deed-restricted against fuel sales. The asking price is $1,500,000. The lot's size and location make it potentially divisible, offering further development flexibility. This is the best-lit corner in a rapidly growing city, making it an exceptional opportunity for a discerning investor.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $31,030,988
    Hospitality
    $28,424,218
    Educational
    $23,648,616
    Medical
    $24,461,928
    Retail
    $36,786,736

Location Insight

City
Lumberton
County
Hardin
State
Texas
Latitude
30.272
Longitude
-94.2269
CBSA code
13140
CBSA name
BEAUMONT-PORT ARTHUR, 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
$6,217
$345,169
-
$345,169
-
$345,169
-
$345,169

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