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00 Old Arroyo Cir., Arroyo City, TX 78583

Arroyo City
Local realty services provided by:CENTURY 21 Johnston Company
00 Old Arroyo Cir.,Arroyo City, TX 78583
$1,750,000
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  • 10.52 Acres
  • Lots / Land
  • Active
Listed by: donald haire
Office: coldwell banker commercial rio grande valley h
MLS#:29762128
Source:TX_RGV

Price summary

  • Price:$1,750,000

About this home

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

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Home facts

  • Subdivision & Development:ESPIRITU SANTO GRANT
  • Listing ID #:29762128
  • Added:651 day(s) ago
  • Updated:October 29, 2026 at 03:22 PM

Structure and exterior

  • Lot area:10.52 Acres
  • Lot Features:Mature Trees

Schools

  • High school:RIO HONDO
  • Middle school:RIO HONDO
  • Elementary school:OTHER

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,750,000

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