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    Lang/Akins Dr Portland, TX 78374

    For Sale
    $1,263,240

    2.9-acre commercial lot, prime location.

    Property size:
    126,324 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.9-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Portland, Texas. Located at 0 Lang/Akins Drive, this property boasts a highly desirable Commercial (C-R Retail Commercial District) zoning designation, making it ideal for a wide range of commercial developments. The lot features significant frontage on both Lang and Akins Drives, measuring approximately 424 feet on Lang and approximately 298 feet on Akins. With a total square footage of 126,324 square feet, and an asking price of $1,263,240 ($10 per square foot), this property offers significant potential for substantial returns. The area is experiencing rapid growth, evidenced by the recent construction and planning of over 300 new single-family homes. Furthermore, a 60-unit senior housing facility opened nearby in Fall 2019, underscoring the strong demand and positive trajectory of this location. The property's proximity to the Exxon plant (approximately 2 miles) adds to its strategic appeal. This unimproved land is ready for immediate development, presenting a unique chance to capitalize on the burgeoning commercial landscape of Portland. The APN is 1314-0092-0015-002. This is a corner lot in a high-growth area, offering excellent visibility and accessibility.

    Property Features for 0 Lang/Akins Dr

    General Information

    Property type
    Land
    Square Feet
    126,324 SF
    Lot Size
    126,324 SF

    HighLights

    • 2.9‑acre commercial land parcel in Portland, Texas.
    • C‑R Retail Commercial zoning.
    • Significant frontage on Lang & Akins Drives (approx. 424 ft & 298 ft respectively).
    • 126,324 sq ft lot, $1,263,240 asking price ($10/sq ft).
    • High‑growth area with new residential development and nearby senior housing.
    • Proximity to Exxon plant (approx. 2 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.329283
    Latitude
    27.892404

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    FAQs

    What type of property is this?
    Land - 2.9-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Lang/Akins Dr Portland, TX.
    What is the asking price?
    The asking price for this property is $1,263,240.
    What are key features of this property?
    This property features: 2.9-acre commercial land parcel in Portland, Texas.; C-R Retail Commercial zoning.; Significant frontage on Lang & Akins Drives (approx. 424 ft & 298 ft respectively).
    Request Owner's contact information
    Lang/Akins Dr Portland, TX 78374
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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
    Lang/Akins Dr Portland, TX 78374
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