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    700 Business Farm To Market 1015 Progreso, TX 78579

    For Sale
    $367,500

    Prime Texas acreage, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 9.8-acre property in Progreso, Texas, presents a unique investment opportunity. Located at 700 N Business Farm To Market 1015, Hidalgo County, this fee simple land boasts a prime location directly across from Progreso High School, offering excellent visibility and accessibility. The property is zoned AO, allowing for flexible development options including residential, commercial, or multifamily projects. Utilities are already in place, simplifying the development process and reducing upfront costs. The large lot size provides ample space for a variety of projects, catering to diverse development needs. This strategically located land offers high-return potential due to its excellent visibility, convenient access, and flexible zoning. The APN is L5025-00-000-0091-00. The asking price is $367,500. This is a rare chance to acquire a substantial parcel of land in a growing Texas community with significant development potential. Don't miss this opportunity to capitalize on the area's growth and create a thriving project. The property's zip code is 78579.

    Property Features for 700 Business Farm To Market 1015

    General Information

    Property type
    Farms
    Lot Size
    426,888 SF

    HighLights

    • $367,500 asking price.
    • 9.8‑acre land parcel.
    • AO zoning.
    • Utilities available.
    • High visibility location across from Progreso High School.
    • Fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Progreso
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.959693
    Latitude
    26.098286

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    FAQs

    What type of property is this?
    Farm - Prime Texas acreage, development ready.
    Where is this farm located?
    The property is located at 700 Business Farm To Market 1015 Progreso, TX.
    What is the asking price?
    The asking price for this property is $367,500.
    What are key features of this property?
    This property features: $367,500 asking price.; 9.8-acre land parcel.; AO zoning.
    Request Owner's contact information
    700 Business Farm To Market 1015 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
    700 Business Farm To Market 1015 Progreso, TX 78579
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