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Property profile & analytics
OFF-MARKET
Lifestyle centers

0 Fm 1015 Progreso Lakes, TX 78596

60 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Lot 60 ac (2,613,600 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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