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Property profile & analytics
OFF-MARKET
Land

0 Hwy 181 & Olympic Dr Portland, TX 78374

1.93 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.93-acre commercial development site, Lot 19R, presents a rare opportunity in Portland, Texas. Strategically located on Highway 181 and Olympic Drive, it boasts unparalleled visibility and accessibility. The property is one of the last remaining pad sites available on this side of Highway 181, offering immediate access to the thriving community and its amenities. While some platting may be required, the site's prime location adjacent to the Marriott TownePlace Suites Extended Stay Hotel and Esplanade Shopping Center ensures high traffic and visibility. The property's proximity to major retailers like Walmart, HEB, and a new Target, along with numerous restaurants, makes it an ideal location for a variety of commercial ventures. Olympic Drive provides convenient thoroughfare access from Highway 181 to the surrounding residential neighborhoods. Note that a 100-foot pipeline runs along the southern boundary. The location benefits from San Patricio County's robust economic growth, with over $37 billion invested in industry over the past decade. This site offers a unique blend of high visibility, convenient access, and a strong surrounding commercial and residential base, making it an exceptional investment opportunity. Aerial views are available for detailed location assessment. The property is situated in zip code 78374, San Patricio County, Texas.

Property profile
Verified
Property type Land
Lot 1.93 ac (84,071 SF)
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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