3011 Moore Ave Portland, TX 78374
This exceptional 23.79-acre commercial land parcel presents a remarkable opportunity for apartment development in Portland, Texas. Located at the northwest corner of State Highway 893 (Moore Ave) and Stark Rd, this site boasts a highly desirable location on the fast-growing west side of Portland, just north of Corpus Christi Bay. The property is 100% developable, featuring a generally flat topography, free from pipelines or encroachments, ensuring a smooth and efficient development process. The asking price is $4,086,472, translating to a land value of $3.95 per square foot. This presents a compelling investment opportunity given the area's growth trajectory and the site's ideal characteristics. The property is conveniently situated in San Patricio County, with the address listed as 3011 Moore Ave, Portland, TX 78374. A 60-day vacate period is offered after closing, allowing ample time for transition. This prime location offers excellent access to major roadways and is poised to benefit from the continued expansion of the surrounding area. The absence of pipelines or encroachments minimizes potential development complications, making this a truly exceptional opportunity for discerning investors seeking a high-quality apartment development site.
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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Risks
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