9278 N Highway 77 - Flex FOR SALE


Lexington, TX 78947
$285,000 USD
979-540-8057
9278 N Highway 77, Lexington, TX for Sale
$285,000 USD
Flex - FOR SALE
1/64
null | Request Cap Rate

9278 N Highway 77
Lexington, TX 78947


HIGHLIGHTS

  • Shaded walking trails
  • Close to small town but you feel like you are in the country
  • Move in ready building

OVERVIEW

Investment opportunity for small homes, tiny homes, a new larger residential home and a commercial building. This is 2 acres of terrain that has walking trails throughout. The existing building was built as a 3/1 residence. The current owners removed a wall, and opened the whole front half of the home, and they used it as a church. This property, being on Hwy 77 has a lot of potential for a commercial business. This front building is move in ready. This property would be great for family or company retreats or groups who enjoy BBQ hot spot tours, or are coming in for a local sporting event or family reunion. When visitors come to Lexington there is no places to stay the night. The closest hotel/motel is 20 minutes away. No local RV camps accept short-term rentals. Parking is available on the Highway side and in the circle drive to the rear. A quote should be in soon to add a bridge across the dry creek for walking or driving. An Airbnb listing is setup but not active. Daily rental during the week would be $109 per night, $146 for a weekend night. With a little investment (RV amenities), the income will vastly increase. A fishing pond can be added in the creek. A quote is available for a walking or driving bridge to cross the creek and access the trails and open area in the northeast corner.

FOR SALE DETAILS

PRICE

$285,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - Septic Field, Heating - Electric

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.05

LAND SF

89,276

ZONING

No Zoning

APN/PARCEL ID

11788

ASK ABOUT THIS PROPERTY

Sabrina BillingsFathom Realty, LLCMore Info
979-540-8057

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Sabrina BillingsFathom Realty, LLCMore Info
979-540-8057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.