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Ricardo Salazar · REALTOR® · TREC #643769 · RCR Real Connect Realty (broker license #9012393)

Investor sheet · MLS# 29762128 · https://ricosalazar.com/properties/00-old-arroyo-cir-arroyo-city-tx-78583-29762128

For sale

$1,750,000

00 Old Arroyo Cir., Arroyo City, TX 78583

acres
10.52
Check zoning, utilities and flood zone See the numbers →

MLS# 29762128 · Listed by Donald Haire, COLDWELL BANKER COMMERCIAL RIO GRANDE VALLEY H · Tel. 956-425-7098

  • TypeLand
  • Lot10.52 acres
  • Price / acre$166,350
  • South Padre Island (Queen Isabella Causeway)≈ 40 min approx.
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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

Property details

Type
Land · Commercial
Status
For sale
MLS#
29762128
Price
$1,750,000
Price per acre
$166,350
Lot size
10.52 acres
Subdivision
Espiritu Santo Grant
City
Arroyo City
County
Cameron
Days on market
651
Listed
Jan 15, 2025
Last updated
Oct 20, 2026, 1:27 PM CT

Numbers for investors

Price per acre

$166,350

Source: MLS listing

Days on market

651

Source: MLS listing

Rental income
None while vacant

General information only, not legal, tax or financial advice. Ricardo Salazar is a licensed real estate agent, not an attorney, CPA or lender. Consult qualified professionals in the U.S. and Mexico.

Location and drive times

00 Old Arroyo Cir., Arroyo City, TX 78583 Open in Google Maps (opens in a new tab)

  • South Padre Island (Queen Isabella Causeway)≈ 40 min approx.
  • Port of Brownsville≈ 40 min approx.
  • UTRGV Brownsville campus≈ 45 min approx.
  • Gateway International Bridge≈ 45 min approx.
  • B&M International Bridge≈ 45 min approx.
  • Veterans International Bridge at Los Tomates≈ 45 min approx.
  • SpaceX Starbase launch site, Boca Chica≈ 60 min approx.

Approximate car times computed from the map: city pace for the first 10 km, highway pace after that, and trips that would cross the ship channel go around it by the Port. They do not include traffic, bridge waits or launch-day road closures.

Schematic

Approximate positions; not a navigation map.

  • Area (opens its page)
  • International bridge
  • Main highway
  • Ship channel

Gateway Bridge to South Padre Island: ≈ 37 km (23 mi) in a straight line.

Base map data © OpenStreetMap

Buying from Mexico with a loan?

Ricardo is not a lender. Ask him which loan types exist for foreign buyers and which documents lenders usually request.

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Ricardo Salazar

REALTOR® · TREC #643769

Ricardo Salazar

RCR Real Connect Realty

  • Español
  • English
Phone / WhatsApp
+1 (956) 592-5052
Website
https://ricosalazar.com/

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Land · Arroyo City

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Listing office: COLDWELL BANKER COMMERCIAL RIO GRANDE VALLEY H

Listing agent: Donald Haire

Office contact: 956-425-7098

MLS# 29762128 · Last updated

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00 Old Arroyo Cir., Arroyo City, TX 78583 · MLS# 29762128