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0 Las Milpas Road - Light Industrial Development Opportunity

38.62 Acres of Commercial Land Offered at £1,255,056 in Pharr, TX 78577

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Executive Summary

Labeled as lot 3 on the attached aerial photo and priced at $41,429/ gross acre, this 38.62 acre tract of land is currently in agricultural use, and located on the south side of Las Milpas Road, between Veterans Road and Cage Boulevard (Business Highway 281) in the Las Milpas area of south Pharr, TX.
This property has approximately 1,190' of frontage on Las Milpas Road, with city utilities nearby. An underground gas transmission line runs diagonally through the middle of this property, which would effect some uses. Currently zoned agricultural use, this property would need to be rezoned with the City of Pharr. Potential options for this property may allow for light-industrial uses, multifamily, or governmental uses as the property has great access out to Veterans Road and Cage Boulevard.
Other area properties on the north & east side of this tract have plans for future light industrial development.

Property Facts

Price	£1,255,056	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Industrial
No. Lots	1	Total Lot Size	38.62 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.

Price	£1,255,056
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Industrial
Total Lot Size	38.62 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.