10 Acre Parcel Section 3

Vacant Land for Sale
Catylist Listing ID: 30457169
Property Subtypes: Agricultural, Other
Gross Land Area: 10 Acres
Sale Price: $239,900
Unit Price: $23,990 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

This is a ten-acre unimproved property with lots of potential. When the surrounding properties and roads are improved, this property will increase in demand. We have more than 170 acres for sale in the area, so investors can put a nice package together. Montwood Drive will be extended and may run through or near these properties. Montwood Drive is one of the most important streets in the City of El Paso, Texas. It runs parallel to Montana Ave and I-10. Today, Montwood Drive ends at the western portion of Section 3 and continues at the north-eastern portion of Section 3, which is the corner of Rich Beam and Montwood Drive. The same thing goes for Tierra Del Este Drive that currently ends on the northern eastern point of Section 3. If this land is developed, it will greatly benefit the east-side of El Paso with excellent traffic flow and will create numerous commercial and apartment opportunities as well as residential neighborhoods.

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: X57900030300380
Legal Description: 79 TSP 3 SEC 3 T & P SURV 2147 SE 1/4 OF SW 1/4 OF NW 1/4 (10.00 AC)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,997 108,187 207,701
Median Age: 27.99 29.11 30.69
Households: 2,855 31,592 62,230

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