5 AC in Windermere

Vacant Land for Sale
Catylist Listing ID: 30282117
Property Subtypes: Hospitality, Industrial, Other
Gross Land Area: 5 Acres
Sale Price: $175,000
Unit Price: $35,000 Per Acre
Sale Terms: Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 5/24/2018

Overview / Comments

This is a 5 acre unimproved property with lots of potential. The street that runs adjacent to the property is Windermere. When the surrounding properties and roads get 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
Zoning: NO ZONING
Legal Description: 79 TSP 3 SEC 3 T & P ABST 2147 E 1/2 OF SW 1/4 OF SW 1/4 OF SE 1/4 (5.00 AC)
Largest Nearby Street: Montwood
Highway Access: HWY 375
Soil Type: Sandy
Water Service: None
Sewer Type: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,539 89,711 210,327
Median Age: 27.5 28.77 30.32
Households: 1,880 25,928 62,673

Contact

Photograph of Listing Agent

Juan Uribe

Team Juan Uribe CARNM CIE Member
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