for sale - jll · 2019-08-12 · jll houston | land for sale ±3,098 acres in starr county, texas...
TRANSCRIPT
For Sale±3,098 acres available
Starr County, along the Rio Grande River borderStarr County, Texas
Simmi JaggiManaging Director+1 713 888 [email protected]
Elizabeth ClampittSenior Vice President+1 713 888 [email protected]
Laura Liza PazNAI Rio Grande Valley+1 956 994 8900 [email protected]
Starr County, along the Rio Grande RiverLocation
The ±3098 acre tract of land is located in Starr County, Texas and runs along the Rio Grande River border. The property is located ±60 miles west of Harlingen, TX. McAllen is just under 30 miles southeast from the subject site.
Size
±3,098 acres
Highest & Best Use
Farm, Ranch land
Access & Visibility
Access from Old Military and Produce Road. Rail Line runs along northern border of the property.
Utilities
Water is pumped in from the Rio Grande River.
Asking Sales Price
$9,500,000
Estimated Population
20-mile 40-miles 60-miles
125,936 796,359 1,040,764
Average Household Income
20-mile 40-miles 60-miles
$44,045 $56,309 $55,160
Number of Households
20-mile 40-miles 60-miles
32,604 221,803 291,584
Median Age
1-mile 3-miles 5-miles
28.0 29.4 29.7
Traffic Counts
108,546 VPD
TX-83 west of TX-281
103,554 VPD
TX-83 east of TX-281
JLL Houston | Land for Sale ±3,098 Acres in Starr County, Texas
Property Information
The property is located approximately 60 miles west of Harlingen, TX. McAllen is just under 30 miles southeast from the subject site and has a population totaling around 140,000 people. The property is bordered to the south by the Rio Grande River and a railroad track to the north. Highway 83 is located north of the tract and runs from McAllen to Rio Grande City.
Presently, the property is being operated as the Starr Produce Farm under a long term lease to Chapotal Farms and Tex Mex Cattle Company, tenants in common through August 31, 2026. The site is improved with a manager’s house, a 20,000 s.f. packing shed and an old farm camp near the Rio Grande River. The site is surrounded by a wildlife refuge to the west, the Rio Grande River with Mexico beyond to the south, the town of La Grulla, agricultural and vacant land to the east and a large maintenance facility and vacant land to the north beyond Military Road. The entire property is located in the 100- year floodplain.
Irrigation water for the farm is provided by a floating barge in the Rio Grande River, via a 40’ recorded easement, with two diesel engines and pumps plus a portable trailer with filtration pumps.
There are nine gas wells, all in a concentrated area, located along the perimeter of the land in the southwest quadrant which does not adversely impact the farm operation. They are drilled by Metano Energy, LP.
A narrow “fringe” of land along the Rio Grande River on the subject’s south property line curving up north and west of the property line is owned by the U.S. Fish and Wildlife and is known as the Lower Rio Grande Valley National Wildlife Refuge.
JLL Houston | Land for Sale ±3,098 Acres in Starr County, Texas