319 Acres on Montana

Vacant Land for Sale
Catylist Listing ID: 30638479
Gross Land Area: 319 Acres
Sale Price: $2,100,000
Unit Price: $6,583 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/9/2020

Overview / Comments

Excellent investment. There is no doubt that the City of El Paso is growing in the direction of these 319 acres. Before you know it, it will be surrounded by houses. This is due to all the "paper lots" south of this property, that are almost impossible to develop. Investors and developers are looking for the large tracts of land, such as this one. This is the next large tract of land for sale. There are currently no utilities, except for electricity, of course.

Additional Details

Nearest MSA: El Paso
County: El Paso
Taxing Authority: El Paso
Tax ID/APN: X57800020200500
Zoning: NO ZONING
Property Visibility: Excellent
Legal Description: 78 TSP 2 SEC 2 T & P SURV #7220 2 (319.24 AC) & 3 (0.06 AC) (319.30 AC)
Largest Nearby Street: Montana
Feet of Frontage: 790
Lot Frontage: 790 Ft
Lot Depth: 4,800 Ft
Zoning Description: No Zoning

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,244 17,927
Median Age: 27.61 28.17
Households: 1,086 4,969

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