25444 Us Highway 59

Corrigan, TX 75939
$1,950,000
105.48 acres | #15685864

Description

This 105.48-acre lot, once owned by the Buffalo Bayou, Brazos and Colorado Railroad Company (BBB&CRR), a pioneer railroad in Texas completed in 1853, is rich in historical significance and was the first operating railroad in Texas, heading the states railroad age. This land is now poised for its next chapter. Currently, it offers agricultural exemptions, city water, electricity, and extensive Highway 59 N frontage, increasing development and farming potential with traffic from Houston to Lufkin. The property features Bahia Hay, access to Piney Creek, ponds, a single family home, and a large metal barn. This unique blend of historical legacy and modern prospects makes it an exceptional opportunity for those looking to invest in a property with both a rich past and a promising future. This opportunity is ideal for a 1031 exchange (tax shelter), commercial or residential development and falls under the Texas Opportunity Zone.

  • Property Details
      • Lot description:Other, 50 or more Acres
      • Acres:105.48
      • Property type:Purchase
      • Utility source:Public, Well
      • Utility features:Gas Availability Unknown, Cable Unknown, Electricity Available, Sewer Not Available
      • Subdivision:10458-Abst 458 A Newman Survey
      • School district:238 - Corrigan-Camden
      • Elementary School:CORRIGAN-CAMDEN PRIMARY/ELEMENTARY SCHOOL
      • Middle School:Corrigan-Camden Junior High School
      • High School:CORRIGAN-CAMDEN HIGH SCHOOL
      • County:Polk
      • Taxes annual:$168
      • MLS #:15685864
      • Cost:1950000
      • Property subtype:Lots
      • MLS #:15685864

Location

Courtney WilleyReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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