121 Military Hwy Progreso, TX 78579
Estimated payment $3,784/month
Total Views
13,251
2.48
Acres
$233,266
Price per Acre
108,029
Sq Ft Lot
About This Lot
Prime hard-corner commercial opportunity located at the signalized intersection of Military Highway and Mile 3 Road, just minutes from the Progreso International Port of Entry, one of the highest-traffic border crossings in the Rio Grande Valley. This 2.48-acre assemblage consists of two adjoining parcels and offers both immediate income and significant redevelopment potential. The front parcel (±0.75 acres) features an existing retail building with an active leases, providing in-place cash flow. The rear parcel (±1.73 acres) is vacant and ready for development, making this an ideal value-add or mixed-use redevelopment site. The property benefits from excellent frontage, multiple access points, strong daily traffic counts, and proximity to national retailers, residential density, and cross-border commerce driven by Progreso’s port activity. Suitable for retail, QSR, strip center expansion, pad sites, or phased development, this asset offers both stability and long-term growth.
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,853
Lot Details
- 2.48 Acre Lot
- Property fronts a highway
- Irregular Lot
Schools
- Progreso Elementary And Middle School
- Progreso High School
Community Details
- No Home Owners Association
- Orchard Homes Subdivision
Listing and Financial Details
- Assessor Parcel Number O690000028000100
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,839 | $268,649 | $264,533 | $4,116 |
| 2024 | $7,839 | $267,896 | $264,533 | $3,363 |
| 2023 | $7,480 | $267,896 | $264,533 | $3,363 |
| 2022 | $1,797 | $59,580 | $56,217 | $3,363 |
| 2021 | $1,806 | $59,580 | $56,217 | $3,363 |
| 2020 | $1,838 | $59,580 | $56,217 | $3,363 |
| 2019 | $1,050 | $33,591 | $30,228 | $3,363 |
| 2018 | $1,042 | $33,591 | $30,228 | $3,363 |
| 2017 | $1,050 | $33,591 | $30,228 | $3,363 |
| 2016 | $945 | $30,228 | $30,228 | $0 |
| 2015 | $937 | $30,228 | $30,228 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2026 04/01/26 | Price Changed | $578,500 | -3.6% | -- |
| 01/17/2026 01/17/26 | For Sale | $600,000 | -- | -- |
Source: Greater McAllen Association of REALTORS®
About the Listing Agent
Helping clients find homes and smart investments in the Rio Grande Valley one of the fastest growing regions in Texas. Whether you're buying your first home, relocating, or building your portfolio, I’m here to guide you through every step. The RGV continues to rank as a top up and coming area with strong value, great communities, and real opportunity.
Victor's Other Listings
Source: Greater McAllen Association of REALTORS®
MLS Number: 492438
APN: O6900-00-028-0021-00
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