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00 Old Arroyo Cir.

Arroyo City, TX 78583
  • $1,750,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 29762128
UPDATED: 64 min ago
$1,750,000
  • 0
    BEDS
  • 10.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Rare NNN ground lease investment opportunity. This 10.52 acre tract consists of 17 waterfront lots and 8 non waterfront lots on the Arroyo at Circle X. Each of the 17 waterfront lots are currently leased on long term ground leases, which produce $125,182.69 in annual income. The lease agreements provide for the properties to be appraised every five years and the rents to be adjusted according to the new appraisal, based on the Arroyo frontage for each lot. The 8 non waterfront lots, totaling 4.423 acres, are not currently leased. All of the lots have frontage on Old Arroyo Circle. The non waterfront lots could be leased to provide additional income. All of the waterfront lots have leasehold improvements. The property is a non recorded subdivision located in an unincorporated area of Cameron county and is not currently zoned. FEMA Flood Zone is A for the entire property. The property was appraised in 2023 for $2,500,000.00

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© 2025 Harlingen Board of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DTM Realty. Data last updated: 2025-02-12T07:51:39.34.
www.homesbydtm.com/homes/159462946
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00 Old Arroyo Cir. Arroyo City, TX 78583

  • Price: $1,750,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 64 min ago
  • MLS #: 29762128
0
Beds
0
Baths
0
½ Baths
10.52
Acres
Neighborhood:
Espiritu Santo Grant
County:
Cameron
Area:
Cameron County
Elementary School:
Other
Middle School:
Rio Hondo
High School:
Rio Hondo
School District:
Rio Hondo I.S.D.
Property Description
Rare NNN ground lease investment opportunity. This 10.52 acre tract consists of 17 waterfront lots and 8 non waterfront lots on the Arroyo at Circle X. Each of the 17 waterfront lots are currently leased on long term ground leases, which produce $125,182.69 in annual income. The lease agreements provide for the properties to be appraised every five years and the rents to be adjusted according to the new appraisal, based on the Arroyo frontage for each lot. The 8 non waterfront lots, totaling 4.423 acres, are not currently leased. All of the lots have frontage on Old Arroyo Circle. The non waterfront lots could be leased to provide additional income. All of the waterfront lots have leasehold improvements. The property is a non recorded subdivision located in an unincorporated area of Cameron county and is not currently zoned. FEMA Flood Zone is A for the entire property. The property was appraised in 2023 for $2,500,000.00
Exterior Features

Access County Road Crops None Fence Type Other Improvements Other-See Remarks Location Features Mature TreesWaterfront Street Type Paved Topography River Frontage

Property Features

Community Amenities Other Land Type Commercial Lot Proposed Financing CashConventional REO No Sewer Septic Tank Suitable Use Commercial Type CommercialWaterfront Utilities Electricity AvailableSepticWater Connected Water Public

Listing provided courtesy of Donald Haire of COLDWELL BANKER IMPACT PROPERTIES: 9564257098. © 2025 Harlingen Board of Realtors Multiple Listing Service.
© 2025 Harlingen Board of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DTM Realty. Data last updated: 2025-02-12T07:51:39.34.
 
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