16.6 Acres Prichard Rd, Commerce, TX 75428

$599,000

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List Price
$599,000
MLS#
21322495
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Acres
16.61
County
Hunt
City
Commerce
Subdivision
A0109 Bond W, Tract 26

Property Description

Prime 16.6-acre development opportunity in the growing community of Commerce, Texas. Currently zoned for multifamily residential use (City approved plat on file) and previously zoned industrial, this versatile tract offers exceptional potential for apartment, townhome, student housing, or mixed residential development. The property features a beautiful natural setting with mature trees, open areas, and multiple small ponds that create an attractive backdrop for future development. Ideally located near East Texas A&M University, the site benefits from strong housing demand generated by students, faculty, staff, and the expanding local workforce. Commerce continues to experience growth, with multifamily development playing an important role in meeting housing needs throughout the area. With ample acreage, natural amenities, and a strategic location near major employment, education, and retail centers, this property presents a rare opportunity for investors, developers, and builders seeking a well-positioned multifamily development site in Northeast Texas. Buyer to verify all zoning, utilities, development requirements, and intended uses. City Park across the street, minutes from highways, shopping and the college.

Additional Information

Unexempt Taxes
$6,793
Lot Size
723,575
Acres
16.61
Lot Description
Level
Possession
CloseOfEscrow
Inclusions
Land Only

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Calculator source: Real Geeks

Listing courtesy of Vickie Davis from Vickies Real Estate Group, Inc. Contact: 972-736-3166