0 Fm 1015 Progreso Lakes, TX 78596
This exceptional 60-acre tract presents a remarkable development opportunity in the rapidly expanding Mid-Valley area of Weslaco, Texas. Strategically situated at the intersection of FM 1015 and Pike Boulevard, this property enjoys unparalleled visibility and accessibility. FM 1015, a major thoroughfare, serves as a crucial link to the Progresso International Bridge, facilitating significant cross-border commerce—$300 million annually, with 300 trucks traversing daily. Proximity to the Weslaco airport further enhances its logistical advantages. The site's expansive size and prime location make it exceptionally well-suited for a diverse range of commercial ventures, including industrial parks, multifamily residential developments, mixed-use projects, and medical office buildings. Its versatility offers developers significant flexibility in realizing their vision. The property's location offers convenient access to key regional amenities. It's approximately 10 miles from the international border, 20 minutes from full-service airports, and within a one-hour drive of South Padre Island. This presents a unique blend of commercial potential and recreational proximity. This is a rare opportunity to acquire a substantial land parcel in a high-growth area with exceptional infrastructure and connectivity. Don't miss this chance to capitalize on the thriving economic activity and strategic location of this exceptional property. The property is zoned for Shopping Center use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.