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1520 W Hwy 67 Street
About This Property
The property set for land value, creating an opportunity for buyers seeking a redevelopment project, renovation, investment, or future development, subject to buyer verification of zoning, permitted uses, utilities, and municipal requirements.
The surrounding area features an established mix of residential, professional, churches, religious facilities, neighborhood businesses making this a versatile property with numerous possibilities. The location and generous lot size provide superb access and ample room for future improvements, expansion, parking, or other projects.
Whether you're an investor, developer, owner-user, or adjoining property owner looking to expand your footprint, this property offers a rare chance to acquire nearly one-half acre on a major Mount Pleasant thoroughfare.
Utility availability, zoning, development requirements, access, and all intended uses are due diligence responsibility of buyers and their agent.
A well-located property offering exceptional convenience, excellent access to major transportation routes, and outstanding long-term potential in the heart of Northeast Texas.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Listed by Lone Star Land Brokers | $75,000 | |
| Listed by Lone Star Land Brokers | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017