NEC Buddy Ganem @ Midway FKA CR2004/72 & CR3567/79 lot Pt Sw/4 Sec Portland, TX 78374

Listing agent Shawn Cass License #0326039 Show Phone

Listing office Cass Real Estate 401 US Hwy 181, Portland, TX Show Phone

Listing date Feb 10, 2023

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MLS# 412432 Listing URL

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Investment Insights

Based on property information with market context.

This 157.3-acre property is located at the corner of Buddy Ganem Drive and Midway Road in Portland, Texas. Situated in Portland's extra territorial jurisdiction, this site is positioned to help meet the area's increasing housing demand. The property is located within the Gregory-Portland Independent School District, near the WC Andrews Elementary School and Early Childhood Center. The site offers 2,640 feet of frontage along both Buddy Ganem Drive and Midway Road. Note that the existing metal building on 2.71 acres is not included in this offering, and only the Surface Estate will convey. The area's economic base is expanding with ExxonMobil, Cheniere, ArcelorMittal, Steel Dynamics Inc, and the Port of Corpus Christi. Portland has recently welcomed businesses such as Chic-fil-a, Auto Zone, Target, and Chipolte, and will soon be home to Olive Garden, Mr Gatti's Pizza Arcade, a new Leisure & Entertainment District, expanded medical facilities, and a new big box store. This property presents an opportunity for residential real estate development in Portland's residential growth corridor.

Key Highlights

• Large 157.3+/- acre site ideal for residential subdivision development.
• Located in Portland's extra territorial jurisdiction, addressing the area's increasing housing demand.
• High‑growth area fueled by major economic expansion from ExxonMobil, Cheniere, ArcelorMittal, Steel Dynamics Inc & the Port of Corpus Christi.

Property Analytics

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FAQs

What type of property is this?

Land - 157.3 acres in Portland, TX, ideal for residential development.

Where is this land located?

The property is located at NEC Buddy Ganem @ Midway FKA CR2004/72 & CR3567/79 lot Pt Sw/4 Sec Portland, TX.

What is the asking price?

The asking price for this property is $5,505,500.

What are key features of this property?

This property features: Large 157.3+/- acre site ideal for residential subdivision development.; Located in Portland's extra territorial jurisdiction, addressing the area's increasing housing demand.; High‑growth area fueled by major economic expansion from ExxonMobil, Cheniere, ArcelorMittal, Steel Dynamics Inc & the Port of Corpus Christi.