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    121 Military Hwy Progreso, TX 78596

    For Sale
    $600,000

    High-traffic corner lot, retail building, vacant land.

    Property size:
    2,536 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 121 Military Highway in the thriving city of Progreso, Texas, presents a unique investment opportunity. The property encompasses two contiguous parcels totaling 2.48 acres of land, strategically positioned at the hard corner of Military Highway and Mile 3 Road. The first parcel, spanning approximately 0.75 acres, includes a retail building currently occupied by a Subway franchisee, along with an additional vacant commercial space ready for immediate occupancy or lease. This existing structure provides immediate cash flow potential. The second parcel, comprising approximately 1.73 acres of vacant land, offers significant redevelopment potential. This expansive area allows for a variety of uses, from expanding the existing retail space to constructing new buildings, catering to the growing needs of the Progreso community. The property's prime location on a busy highway ensures high visibility and accessibility, making it an ideal site for a wide range of commercial ventures. The total building size is 2,536 square feet. The asking price for this exceptional property is $600,000. Seller financing options are available, making this an even more attractive proposition for qualified buyers. This is a rare opportunity to acquire a substantial commercial property in a rapidly developing area with significant upside potential.

    Property Features for 121 Military Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,536 SF
    Lot Size
    108,029 SF

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Progreso
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.95757
    Latitude
    26.0877

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, retail building, vacant land.
    Where is this commercial real estate located?
    The property is located at 121 Military Hwy Progreso, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    (956) 322-4001
    Request Owner's contact information
    121 Military Hwy Progreso, TX 78596
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Military Hwy Progreso, TX 78596
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