602 S 3rd St Mabank, TX 75147
Estimated payment $920/month
About This Lot
Discover this prime commercial lot for sale in fast growing Mabank, Texas. Located on the corner of S. 3rd Street and Walnut with approximately 125 feet of road frontage on a major state highway that sees close to 30,000 vehicles per day according to TxDOT. High visibility and heavy traffic make this an ideal location for a new business, investment property, or future commercial development. Utilities are available at the road, giving you quick access to water, sewer, and electric services. The land sits inside an Opportunity Zone, offering potential tax benefits for qualified investors and adding tremendous long term value for anyone looking to build or hold commercial real estate in the Cedar Creek Lake area. Surrounded by thriving nearby communities including Gun Barrel City, Kaufman, and Athens, this site benefits from a strong customer base and consistent growth. Mabank is known for its pro business environment, making the development process straightforward for retail, restaurant, fast food, salon, office, medical or your next business venture. This commercial property is perfectly positioned for developers, franchise owners, and investors seeking a high traffic location with excellent exposure and future growth potential. Its central location provides convenient access to nearby schools, restaurants, established businesses, and major routes, making it easily accessible for customers and deliveries. Whether you’re planning immediate construction or securing a strategic investment for the years ahead, this site offers the space, access, and visibility your business needs to succeed. Buyer to verify zoning and permitted uses.
Listing Agent
KW-Cedar Creek Lake Properties Brokerage Phone: 903-910-3400 License #0651174 Listed on: 11/22/2025
Property Details
Property Type
- Land
Lot Details
- 18,731 Sq Ft Lot
- Lot Dimensions are 125x150x125x150
- Property fronts a highway
- Corner Lot
- Level Lot
- Cleared Lot
- 3 Lots in the community
- Zoning described as Commercial
Location
- City Lot
Schools
- Mabank High School
Community Details
- Mabank Original Subdivision
Listing and Financial Details
- Legal Lot and Block 9 -11 / 15
- Assessor Parcel Number 00239000150009009505
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,424 | $74,923 | $74,923 | -- |
| 2024 | $1,424 | $74,923 | $74,923 | -- |
| 2023 | $1,421 | $74,923 | $74,923 | $0 |
| 2022 | $1,523 | $74,923 | $74,923 | $0 |
| 2021 | $1,685 | $74,923 | $74,923 | $0 |
| 2020 | $1,552 | $69,000 | $69,000 | $0 |
| 2019 | $1,763 | $69,000 | $69,000 | $0 |
| 2018 | $1,940 | $75,900 | $75,900 | $0 |
| 2017 | $1,761 | $69,000 | $69,000 | $0 |
| 2016 | $1,761 | $69,000 | $69,000 | $0 |
| 2015 | $1,741 | $69,000 | $69,000 | $0 |
| 2014 | $1,741 | $69,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2025 11/22/25 | For Sale | $150,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Listed On Document | |
| Vendors Lien | -- | Attorneys Title Company Gbc | |
| Warranty Deed | -- | Multiple | |
| Vendors Lien | -- | Attorneys Title Company Of H | |
| Foreclosure Deed | $146,937 | None Available | |
| Deed In Lieu Of Foreclosure | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $68,000 | Commercial | |
| Previous Owner | $48,300 | Purchase Money Mortgage |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21118980
APN: 30555
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved
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Ask me questions while you tour the home.