Tbd 000000 W Bypass 287Alvord, TX 76255Price: $4,000

This is a Ground Lease Opportunity! The picture shows the survey of the .35 acres available for lease. Incredible opportunity to lease this vacant lot and build your dream restaurant in Alvord, TX, located in Wise County just off Highway 287 “Colorado Highway”. Alvord is a growing community situated approximately 10 miles northeast of Decatur and about 50 miles north of Fort Worth, offering excellent visibility and convenient access for guests. This is a .35 acre spot of flat land and no flood plain. Next door to the Trusted Stay Motel which features 16 remodeled en-suite rooms. The property accommodates nightly, weekly, and monthly stays. In addition to the motel rooms, the property includes a 900 sq ft condo and a 900 sq ft house currently used as the office. With its strategic location, paved parking lot, ample parking, and grassy pet-friendly areas, this property offers endless possibilities. Owner would like to see a restaurant do the ground lease on this land. This is a strong property in an area experiencing significant growth. North Texas continues to expand rapidly, and Alvord is poised for future development. Don't miss the chance to secure this versatile investment opportunity while the town is still on the rise.