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    OFF-MARKET
    Specialty properties

    1401 Stenger St, San Benito, TX 78586

    Built 1996
    Property ID
    Property summary
    AI-generated overview

    This exceptional 42.124-acre property, located at 1401 Stenger St. in San Benito, Texas (zip code 78586), presents a remarkable investment opportunity. Built in 1996, this special purpose property was formerly occupied by the La Palma Power Station, offering a wealth of potential uses for a forward-thinking buyer. The asking price is $545,000, representing a significant discount from its appraised value – nearly 50% below. Situated in the heart of San Benito, Cameron County, Texas, this expansive site boasts a prime location with convenient access to major roadways and amenities. The property is being sold "as is, where is," providing flexibility for the new owner to envision and implement their own development plans. The seller is highly motivated and open to considering all reasonable offers. This unique opportunity is ideal for developers, investors, or entrepreneurs seeking a large-scale project with substantial upside potential. The property's history as a power station provides a solid foundation for various redevelopment possibilities, subject to all necessary permits and approvals. Don't miss this chance to acquire a substantial piece of land in a thriving Texas community at an exceptionally attractive price.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1996
    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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