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Fm 2221 - Carter Tract Development Site 918 Acres of Residential Land in Penitas, TX 78576
INVESTMENT HIGHLIGHTS
- Abundant open land.
- On future RMA bypass.
- Mixed Use Opportunities.
- Great topography.
EXECUTIVE SUMMARY
This 918 +- acre site is prime for mixed use development. With over 1.65 miles of frontage on Jara Chinas, (FM 2221,) and nearly 1 mile of west to east depth, there exists multiple development opportunities. FM 2221 is the western boundary of the property and close to the future western Hidalgo County bypass. The site is less than 1 mile from Mile 7 road, which is an improved road that runs east into the urbanized area of Hidalgo County.
PROPERTY FACTS
| Sale Type | Owner User | Proposed Use | Master Planned Community |
| No. Lots | 1 | Total Lot Size | 918.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | No Zoning | ||
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Master Planned Community |
| Total Lot Size | 918.00 AC |
| Opportunity Zone |
Yes |
| Zoning | No Zoning |
1 LOT AVAILABLE
Lot
| Lot Size | 918.00 AC |
| Lot Size | 918.00 AC |
This 918 +- acre site is prime for mixed use development.
DESCRIPTION
The property is located in a transportation reinvestment zone, a contiguous zone around a planned transportation project that is established as the necessary institutional arrangement to facilitate capture of the property tax increment arising from the planned project. In addition, the site has close access to La Joya Lake Tributary.
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Fm 2221 - Carter Tract Development Site
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