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TBD S Bentsen Palm - Bentsen Palm Acreage 20.5 Acres of Commercial Land Offered at $1,600,000 in Palmview, TX 78572

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INVESTMENT HIGHLIGHTS

Largest vacant tract in Palmview

Perfect for Multifamily / Commercial development

EXECUTIVE SUMMARY

Great development potential. Adjacent property to North was just zoned MF by City of Palmview. Access on the front from S. Bentsen Palm Drive and on the back from Ruiz Street. Property is 1/4 miles south of Interstate 2 (Hwy 83). Under $80K/Acre, it is priced competitively for multifamily or apartment communities. Contact your Broker to make this your next development. House was SOLD separately (2 acres).

PROPERTY FACTS Under Contract

Price	$1,600,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Mixed Use Multifamily Apartment Units
No. Lots	1	Total Lot Size	20.50 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Agriculture - Acreage will require zoning / subdivision process with the City of Palmview. Adjacent property recently granted MF zoning

Price	$1,600,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Multifamily Apartment Units
Total Lot Size	20.50 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Agriculture - Acreage will require zoning / subdivision process with the City of Palmview. Adjacent property recently granted MF zoning

1 LOT AVAILABLE

Lot

Price	$1,600,000	Lot Size	20.50 AC
Price Per AC	$78,048.78

Price	$1,600,000
Price Per AC	$78,048.78
Lot Size	20.50 AC

BENTSEN GROVES LOT 60, LOT 62 EXC 2 AC FOR IMPS 2.87 AC BNG AN IRR CRW LOT 64 21.95 AC GR 20.50 AC NET

DESCRIPTION

Currently zoned in ag. Up to buyer to re-zone the land.

PROPERTY TAXES

Parcel Number	B2550-00-000-0060-00	Improvements Assessment	$0
Land Assessment	$8,170	Total Assessment	$8,170

PROPERTY TAXES

Parcel Number

B2550-00-000-0060-00

Land Assessment

$8,170

Improvements Assessment

Total Assessment

$8,170

(956) 533-8583

CONTACT

Rene Galvan
RGV Realty

Listing ID: 28642088
Date on Market: 6/2/2023
Last Updated:
Address: TBD S Bentsen Palm, Palmview, TX 78572

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