Property profile

1401 Stenger St San Benito, TX 78586

OFF-MARKET
Specialty properties
Built 1996
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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

Location

1401 Stenger St San Benito, TX 78586
San Benito metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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