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Property profile & analytics
OFF-MARKET
Land

23609 1/2 Monte Alto, TX 78538

19.54 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 19.54-acre property in Monte Alto, Texas, presents a unique investment opportunity. Located at 23609 Mile 2 1/2 W, Hidalgo County, zip code 78538 (latitude 26.3466527, longitude -97.9505551), this land boasts a versatile zoning allowing for commercial, farm, and residential uses. The asking price is $470,000. The property is situated outside city limits, offering the benefit of low taxes and the peace of mind of being outside a designated flood zone. Existing improvements include a small white house featuring two bedrooms, a combined living and dining area, and essential appliances such as a stove, refrigerator, and window air conditioning unit. A smaller green house is also on the property. The seller is open to selling a 10-acre portion separately, providing flexibility for potential buyers. This rare combination of acreage, location, and zoning makes this property an attractive prospect for various development plans, from residential construction to agricultural ventures or commercial enterprises. Serious inquiries are encouraged to explore this exciting opportunity.

Property profile
Verified
Property type Land
Lot 19.54 ac (851,162 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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