Nopal St Alice, TX 78332

Property Details for 0 Nopal St

Lot size

71.50 lot acres

Property type

Land

Property subtype

Farms

Description

This exceptional 71.5-acre property in Alice, Texas, presents a remarkable opportunity for residential development. Comprising two contiguous tracts (33.4 acres and 38.1 acres), this land boasts 2,400 feet of frontage along Lattas Creek and is ideally situated for a substantial residential community. The site is zoned for residential use and offers existing infrastructure, including a 6-inch water line and an 18-inch sewer trunk line along Nopal Street, facilitating the construction of 250 or more homes. The property's location is highly advantageous, situated 1.4 miles south of Texas Highway 44 (providing direct access to Corpus Christi) and 4.0 miles east of US-281 (connecting San Antonio and McAllen). The Alice Independent School District serves the area. The property's tax rate is 2.719313. Approximately 25% of the land is located within a flood area. The site is conveniently located within 0.0 miles north of existing residential density, representing a natural continuation of the Stonegate community. Potential buyers may explore various financing options, including PID/TIRZ bond financing, seller financing, and land participation arrangements. The seller may also consider selling the tracts individually or developing finished lots with pre-arranged lot contracts. The Alice Economic Development Corporation's 2023 Housing Report indicates a significant undersupply of housing in Alice, with a shortage of 929 units priced over $200,000 and 244 units over $300,000, underscoring the strong market demand for this type of development. Stormwater drainage flows down the center of the property to a 24-inch storm drain along Lattas Creek. Alice does not utilize lift stations.

Location Insight

City

Alice

County

Jim Wells

State

Texas

Longitude

-98.0608

Latitude

27.739