1018 Minnesota RdPalmview, TX 78574

Property Details for 1018 Minnesota Rd

Year built

2012

Lot size

8.31 AC

Property size (Sq ft)

2,976 SF

Property type

Commercial real estate

Description

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.

Location Insight

City

Palmview

County

Hidalgo

State

Texas

Latitude

26.2435

Longitude

-98.3752

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