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    Mixed-use properties

    999 Tx-359, Mathis, TX 78368

    121.46 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 121.46-acre property in Mathis, Texas, presents a remarkable investment opportunity. Strategically located on Highway 359, this land boasts easy access to major corridors (I-37, 77, 359, and 666), placing it within reach of Corpus Christi and San Antonio. With an average daily traffic count of 10,000 vehicles, this location offers unparalleled visibility and accessibility. The property is comprised of two sections: a 100-acre tract and a 21.46-acre tract, the latter already platted for residential development with multiple layout options available. The land is suitable for both commercial and residential zoning, offering flexibility for various development projects. A portion of the acreage already has access to electricity and water. Comprehensive environmental and housing studies are complete, streamlining the development process. The area is experiencing significant growth, fueled by expansions from major companies like HEB and IHOP, the influx of industrial businesses, and substantial investments from Exxon/Tesla/STI and the 40-billion-dollar Oxy/DAC project. The city's proximity to Lake Corpus Christi further enhances its appeal. Surveys for both properties are complete, and city, economic development corporation, and county entities are supportive of development. This property offers a unique blend of location, infrastructure, and growth potential, making it an ideal investment for discerning buyers. The asking price is $3,036,500. The APN is 51716.

    Property profile
    Verified
    Property type Mixed-use properties
    Lot 121.46 ac (5,290,798 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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