For Sale
$1,500,000

1018 Minnesota Rd Palmview, TX 78574

8.31 Acres, Established Business

Overview

Added:
Feb 3
Days on market:
78
This exceptional 8.31-acre commercial property at 1018 N Minnesota Road, Palmview, TX, presents a unique investment opportunity. The 2,976 square foot site boasts a long-standing history (over 30 years) as a thriving private ranch trucking business, complete with heavy-duty vehicle towing services catering to the entire Rio Grande Valley, utilizing US-77 and US-281. The property includes three storage buildings, one large enough for vehicle storage, a tractor, and an office equipped with advanced surveillance cameras. The established business offers immediate income potential, while the expansive acreage presents significant potential for subdivision development, creating numerous buildable lots. This turnkey operation includes all existing equipment and infrastructure. Owner financing is available with a $500,000 down payment, a 7% interest rate, and a 15-20 year amortization period, inclusive of taxes. This is a rare chance to acquire a profitable, established business with substantial future development possibilities in a rapidly growing area. The property's strategic location and diverse operational history make it an attractive investment for both seasoned entrepreneurs and astute real estate investors. The existing infrastructure and established clientele provide a solid foundation for continued success and expansion.

Property Details for 1018 Minnesota Rd

Property type
Commercial real estate
Square Feet
2,976 SF
Year Built
2012
Lot Size (sq. ft)
361,984 SF

Location Insight

City
Palmview
County
Hidalgo
State
Texas
Latitude
26.24346
Longitude
-98.37516

FAQs

What type of property is this?
Commercial real estate - 8.31 Acres, Established Business
Where is the commercial real estate located?
The property is located at 1018 Minnesota Rd Palmview, TX.
What is the asking price?
The asking price for this property is $1,500,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1018 Minnesota Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message