5 ACRES ON HWY 155 IN FRANKSTON FOR SALE

Vacant Land for Sale
Catylist Listing ID: 30360086
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 5.26 Acres
Sale Price: $325,000
Unit Price: $61,787 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2019

Overview / Comments

This is a nice corner parcel right on the busy intersection of HWY 155 & FM 3506. Ideally located for a Hotel, Restaurant, Retail Center, Gas Station, etc. Seller thinks that the Family Dollar driveway is set up for shared access to HWY 155 from the state, parcel also has 2 additional existing driveways in place on FM 3506. With over 15,000+ cars passing by daily and over 240' of frontage on HWY 155 this is a prime parcel ready for development.

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Additional Details

Nearest MSA: Palestine
County: Anderson
Taxing Authority: HENDERSON COUNTY
Tax ID/APN: 0624.0020.0A00.10
Zoning: COMMERCIAL
Property Visibility: Excellent
Legal Description: AB 624 WM PICKETT SUR, TR 2A, 5.26 acres
Largest Nearby Street: HWY 155
Traffic/Vehicle Count: 15,000
Highway Access: YES, HWY 155
Site Description: Level, cleared.
Topography: Level
Available Utilities: Electric, Water
Water Service: Municipal
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,829 9,927
Median Age: 49.06 48.31
Households: 2,901 4,179

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