Glen Rose Investment Property - Somervell County, Glen Rose, TX
Glen Rose Investment Property - Somervell County, Glen Rose, TX
The Glen Rose Investment Property is a great investment and potential residential development property located within the southern portion of the Glen Rose city limits. This property has 580’ of frontage on FM 56 at the intersection of Hwy 144 and FM 56 with available city utilities. Water and electric are on-site with sewer close by. Approximately 50% of the property is currently inside the city limits and the land has interesting topography typical for this area.
Property Types
Location
- The property is located 75 miles from Dallas, and just over 1 hour from Waco. The current access is from FM 56.
Investment Highlights
- The majority of the acreage near FM 56 and some of the southern portions are fairly flat with loamy soils. The topography raises approximately 50’ on the north end transiting to more rocky soils including some limestone features. This property has native trees and grasses with 60% of the property being wooded.
Utilities
- Water: Water from the City of Glen Rose services the property off of FM 56. A rural water line also runs along the southeast boundary.
- Electricity: Electricity is on-site with lines on FM 56 and along the west boundary.
- Sewer: City sewer is close by at 2 locations. One is at the intersection of 3rd and Hwy 144 and the other at 4th and Crockett.
Improvements
- The improvements are of nominal value. There is some new fencing and cross fencing along FM 56.
Minerals
- Mineral ownership is unknown.
Taxes
- The annual property taxes are approximately $436.
The information contained herein has been gathered from sources deemed reliable; however, Republic Commercial Land & Brokerage, LLC and its principals, members, officers, associates, agents and employees cannot guarantee the accuracy of such information. The information contained herein is subject to changes, errors, omissions, prior sale, withdrawal of property from the market without prior notice, and approval of purchase by owner. Prospective buyers should verify all information to their satisfaction. No representation is made as to the possible value of this investment or type of use, and prospective buyers are urged to consult with their tax and legal advisors before making a final determination.
Real Estate buyers are hereby notified that real properties and its rights and amenities in the States of Texas are subject to many forces and impacts whether natural, those caused by man, or otherwise; including, but not limited to, drought or other weather-related events, disease (e.g. Oak Wilt, Anthrax, Chronic Wasting Disease), invasive species, illegal trespassing, previous owner actions, neighbor actions and government actions. Prospective buyers of Texas real estate should investigate any concerns regarding a specific real property to their satisfaction.
When buying investment property the buyer's agent, if applicable, must be identified on first contact and must be present at initial showing of the property listing to the prospective real estate investor in order to participate in real estate commission. If this condition is not met, fee participation will be at sole discretion of Republic Commercial Land & Brokerage, LLC.
Republic Commercial Land & Brokerage, LLC reserves the right to require any or all interested buyer(s) of a particular property to provide proof of financial ability to purchase said property prior to the initial showing or any subsequent showing of the property. Republic Commercial Land & Brokerage, LLC also reserves the right to refuse to show a property to a potential buyer for any reason at Republic Commercial Land & Brokerage, LLC's sole and absolute discretion.
