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    121 Military Hwy Progreso, TX 78579

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    For Sale
    $600,000

    Prime redevelopment opportunity near Progreso International Bridge.

    Property size:
    2 SF
    Lot size:
    2.48 Acres

    Property Features for 121 Military Hwy

    General Information

    Size
    2 SF
    Lot size
    2.48 Acres

    Building Details

    Year built
    1990

    Source: Mark Hanna, CCIM Agent Mark Hanna, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Property in Progreso, TX

    Located at the intersection of Military Highway and Mile 3 Road in Progreso, TX, this property offers a redevelopment opportunity. The site consists of two adjoining parcels. The first parcel is approximately 0.75 acres and includes a retail building currently leased to Subway, along with an additional vacant retail space available for lease or redevelopment. The second parcel comprises approximately 1.73 acres of vacant land, providing space for development. The location benefits from high visibility and traffic exposure. Situated less than two miles from the Progreso International Bridge, the site is positioned to serve the demand for cross-border trade and commerce. The property is suitable for a mixed-use development, with potential uses including retail, automotive, or multifamily. The property has frontage on Military Highway.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Progreso
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9609
    Latitude
    26.0944

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    FAQs

    What type of property is this?
    Commercial land - Prime redevelopment opportunity near Progreso International Bridge.
    Where is this commercial land 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.
    What are key features of this property?
    This property features: - Prime hard-corner location at the intersection of Military Highway and Mile 3 Road, offering high visibility and traffic exposure.; - Significant redevelopment potential with flexible zoning suitable for retail, automotive, multifamily, or mixed-use projects.; - Located in Progreso, TX, a rapidly growing city with increasing demand for commercial and residential spaces.
    (956) 821-8001
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    121 Military Hwy Progreso, TX 78579
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    Progreso, TX 78579
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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 78579
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