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Commerce,TX 75428
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Orig Town Of Commerce
MLS Listing ID 20864728
HOA Y/N No
Lot Size 4.966 Acres
Acres 4.966
Property Sub-Type Improved Land
Property Description
Prime Development Opportunity in Commerce, TX - 4.966 Acres (2 lots being sold as 1) Exceptional development opportunity awaits in Commerce with this expansive 4.966-acre property consisting of two combined lots. This versatile land parcel offers tremendous potential for various development scenarios including residential subdivisions, multi-family housing, or a spectacular custom home with amazing space. The property boasts strategic positioning with excellent access to major thoroughfares, ensuring convenient connectivity throughout the city. Located within walking distance to local restaurants, retail establishments, and East Texas A&M University, this land offers the perfect blend of convenience and opportunity. Investors and developers will appreciate the prime location that appeals to students, faculty, and local residents alike. This lot is situated within an Opportunity Zone, a federal program established by the 2017 Tax Cuts and Jobs Act to encourage long-term investment in economically distressed communities. ? Investors can benefit from capital gains tax incentives when they reinvest in Qualified Opportunity Funds that support development in these zones.
Location
State TX
County Hunt
Zoning Residential. Contact P&Z with questions: 903-886-1101
Direction Live Oak to W. Neal St. Left on Neal. Lot is at the intersection of Neal and Caddo.
Interior
Fireplace No
Exterior
Utilities Available Electricity Available,Overhead Utilities,Sewer Available,Water Available
Water Access Desc Public
Street Surface Asphalt
Building
Lot Description Acreage,Interior Lot,Irregular Lot,Many Trees,City Lot
Sewer Public Sewer
Water Public
Schools
Elementary Schools Commerce
Middle Schools Commerce
High Schools Commerce
School District Commerce Isd
Others
Tax ID 70312
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20864728