0 Old Alice Rd Los Fresnos, TX 78566
This exceptional 5-acre residential land parcel presents a unique investment opportunity in Los Fresnos, Texas. Located on Old Alice Road (FM 321), south of Gaynor Road, this property sits just outside the city limits of Los Fresnos but within the ETJ (Extraterritorial Jurisdiction). The asking price is $185,000, translating to a land value of $0.85 per square foot. The property boasts convenient access to major thoroughfares, with FM 321 undergoing expansion to a 60-foot wide asphalt road, improving commutes to Brownsville and Los Fresnos. This enhancement will benefit over 50% of area residents. Improvements are already underway, making this a timely purchase. Enjoy the tranquility of quiet country living while still having access to utilities. The property's APN is 138338 & 138357. This location offers a blend of peaceful surroundings and convenient access to urban amenities, making it perfect for residential development. Buyers should conduct their own due diligence to verify all information. This property is being sold AS-IS.
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
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.