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    Military Rd Progreso, TX 78579

    For Sale
    $3,313,390

    Prime Hidalgo County location, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 13.83-acre commercial land parcel presents a remarkable investment opportunity in Progreso, Texas. Situated at a prime corner location just north of the Progreso International Bridge, this property enjoys high visibility at the intersection of Military Highway (281) and South FM 1015. Its strategic location offers unparalleled access to significant traffic flow, making it exceptionally well-suited for a variety of commercial ventures. Currently utilized for farming, the land is ready for immediate development. The asking price is $3,313,390. The property's substantial size provides ample space for a large-scale development project, such as a restaurant, fast-food establishment, convenience store, or even a hotel complex. The zoning and development potential should be verified independently. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area with excellent access to the Progreso International Bridge and major transportation arteries. The property is located in Hidalgo County, Texas, with the address listed as TBD S Military Road SE, Progreso, TX 78579. The geographic coordinates are latitude 26.0874839 and longitude -97.9569011. Serious inquiries are encouraged.

    Property Features for 0 Military Rd

    General Information

    Property type
    Land
    Lot Size
    602,435 SF

    HighLights

    • 13.83‑acre commercial land parcel in Progreso, Texas, at the prime corner of Military Highway (281) & S FM 1015.
    • High visibility location with significant traffic flow, ideal for various commercial uses.
    • Currently farmland, ready for immediate development; asking price $3,313,390.
    • Ample space for large‑scale development (restaurant, hotel, etc.); zoning verification recommended.
    • Located in Hidalgo County, TX (TBD S Military Road SE, Progreso, TX 78579; 26.0874839, -97.9569011).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Progreso
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9569011
    Latitude
    26.0874839

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    FAQs

    What type of property is this?
    Land - Prime Hidalgo County location, ideal for development.
    Where is this land located?
    The property is located at Military Rd Progreso, TX.
    What is the asking price?
    The asking price for this property is $3,313,390.
    What are key features of this property?
    This property features: 13.83-acre commercial land parcel in Progreso, Texas, at the prime corner of Military Highway (281) & S FM 1015.; High visibility location with significant traffic flow, ideal for various commercial uses.; Currently farmland, ready for immediate development; asking price $3,313,390.
    (956) 464-7355
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    Military Rd 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
    Military Rd Progreso, TX 78579
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