700 Daggett St Pecos, TX 79772
This exceptional 15.05-acre property in Pecos, Texas, presents a remarkable opportunity for residential development. Strategically located near the intersection of US Hwy 285 and I-20, this land offers unparalleled access to major transportation routes. The property is divided into two tracts: a 6.59-acre west tract and an 8.46-acre east tract, separated by a privately owned homestead. Zoned R-2 for Medium Density Residential use, the possibilities are extensive. Permitted uses include apartment complexes, manufactured housing, lot sales, and RV parks. Preliminary site plans illustrate the potential for significant development. One plan proposes 55 units, each with a double-wide trailer and two parking spaces, distributed across both tracts. A more ambitious plan envisions up to 120 modular units on the east tract, incorporating shared parking, a basketball court, and a clubhouse. This raw land offers flexibility for various residential projects, catering to the growing housing needs of the Pecos community. Its prime location near recent development at the northwest corner of US Hwy 285 and I-20 ensures high visibility and accessibility. The property's zoning and location make it an ideal investment for developers seeking to capitalize on the area's growth potential. The Reeves County address is 700 W Daggett St, Pecos, TX 79772.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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