0 Buddy Ganem Dr Portland, TX 78374
This exceptional 8.7-acre commercial land parcel in Portland, Texas, presents a unique investment opportunity. Ideally situated on Buddy Ganem Drive (FM 3239), between US Hwy 181 and Wildcat Drive (FM 2986), this property boasts 521.82 feet of frontage and 726 feet of depth. The site benefits from its proximity to major retail establishments including a new Texan Travel Stop, Target, Raising Cane's, and a newly renovated B&B Theater, as well as other national retail giants. Its location near the La Quinta Trade Terminal, GCGV, Cheniere, Voestalpine, and TCPO further enhances its value. The land is currently cultivated and features a recently improved 50-foot drainage easement and high elevation. The area is experiencing significant growth, with new hotels, restaurants, entertainment venues, and improved infrastructure. Portland's award-winning G-PISD schools, sports complexes, public library, fire department, and sports medicine facilities add to the area's appeal. This mixed-use zoned property (APN 56848 & 56856) offers substantial potential for a wide range of commercial developments, capitalizing on the high traffic volume along Buddy Ganem Drive and the expanding presence of national retail chains, home builders, and employers. The asking price is $1,500,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.