0000 Moore Aka Fm 893 Ave Portland, TX 78374
Exceptional 153.42-acre commercial land opportunity in Portland, Texas, boasting stunning Nueces Bay waterfront views. This expansive property offers elevations ranging from 42 feet above sea level to sea level, providing a gentle slope down to the bay. The site includes approximately 19 acres of accretion land, adding significant value. Conveniently located near award-winning Gregory-Portland ISD schools, including a new Early Childhood Center, and a variety of established businesses such as Target (opening 2024), Raising Cane's, and other popular restaurants and entertainment venues. The property's strategic location offers easy access to water, sewer, and electrical utilities. Enjoy breathtaking views of Nueces Bay, Sunset Lake, and Corpus Christi Bay, showcased by the impressive 1.2B US cable stanchion bridge. This exceptional property presents a rare chance to develop a premier neighborhood in a rapidly growing area. An adjacent 188+ acre parcel is available separately. The asking price is $12,900,000, with a land value of $84,082 per square foot. APN numbers are 61306, 61338, and 111517. This is one of the largest available waterfront properties in Texas, promising exponential growth 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
Similar Nearby for Lease
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.