121 Military Hwy Progreso, TX 78596
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 121 Military Hwy
- Year built
- 1990
- Lot size
- 2.48 lot acres
- Property size
- 2,536 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 121 Military Highway in the thriving city of Progreso, Texas, presents a unique investment opportunity. The property encompasses two contiguous parcels totaling 2.48 acres of land, strategically positioned at the hard corner of Military Highway and Mile 3 Road. The first parcel, spanning approximately 0.75 acres, includes a retail building currently occupied by a Subway franchisee, along with an additional vacant commercial space ready for immediate occupancy or lease. This existing structure provides immediate cash flow potential. The second parcel, comprising approximately 1.73 acres of vacant land, offers significant redevelopment potential. This expansive area allows for a variety of uses, from expanding the existing retail space to constructing new buildings, catering to the growing needs of the Progreso community. The property's prime location on a busy highway ensures high visibility and accessibility, making it an ideal site for a wide range of commercial ventures. The total building size is 2,536 square feet. The asking price for this exceptional property is $600,000. Seller financing options are available, making this an even more attractive proposition for qualified buyers. This is a rare opportunity to acquire a substantial commercial property in a rapidly developing area with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Progreso
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9576
- Latitude
- 26.0877
