1513 Old Hwy Castroville, TX 78009
This exceptional 3.652-acre property, located within Castroville, Texas city limits, presents a unique investment opportunity. Boasting 260 feet of frontage on Old Hwy 90, this mixed-use land offers unparalleled versatility. The property includes city utilities (water, electric, and sewer) and is situated conveniently adjacent to Alsace Urgent Care and the Hillside Hotel, ensuring high visibility and accessibility. While an uninhabitable older home is present, the primary value lies in the expansive land itself, ideal for various commercial ventures. The property's unrestricted nature allows for subdivision or development of commercial properties, or even residential housing. Imagine a thriving restaurant with ample parking, a modern food truck park with entertainment space, or any number of other exciting possibilities. The land is partially cleared, with a mulched path, showcasing its potential. The asking price is $440,000, and the APN is 12967. This 100% ownership opportunity is being sold under distressed sale conditions. Don't miss this chance to acquire a prime piece of Texas real estate with significant development potential.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.