7961 I-37 HIGHWAY S, MATHIS, TX 78368
Homes for sale in Mathis.
Homes for sale in 78368.
7961 I-37 Highway S
Mathis, TX 78368
List Price$2,705,703
Listing #467319
About This Property
Productive San Patricio County Texas Farmland. Long time family ownership. Solid history of corn, grain, and cotton production. This land is leased out to a well established top quality farm tenant operator offering attractive annual rental returns on the investment . In addition the installation of a wind farm in the area resulted in multiple towers being located on this tract bringing even more ROI income to the table. The tract has over over 3900' feet of frontage along southbound IH 37. Using LAND ID overlay the tract appears to have no pipelines, no active oil field, no flood plain and appears be fairly level with just enough variation in elevation to create ample drainage. Some irrigation is present in the area. For farmers and operators larger contiguous tracts like this one are becoming hard to find these days. For investors, an Ag Exempt tract like this with multiple income streams offering commercial opportunities via tremendous high profile road frontage.... it all adds up to a must see. This area of the Coastal Bend has experienced significant industrial growth in recent years. The location of this tract is an ideal hold to see what else the future brings.
Property Features
Location Information
County
San Patricio
Subdivision
IH 37B IH 37 Central
Interior Features
Interior
None
Laundry
None
Floors
Other
Exterior Features
Foundation
Other
Lot Size in Sq. Ft.
19,808,474
Possession
Close Of Escrow
Possible Use
Agricultural
Water / Sewer
Septic Needed
Road Description
Asphalt
Parking Description
None
Road Frontage
Interstate
Topography
Level
Has Waterfront
No
Lot Size in Acres
454.74
School
Elementary School District
Odem ISD
Middle School
Odem
Elementary School
Odem
High School
Odem
Additional Information
Roof/Attic
Other
Year Built
1900
Other Utilities
Septic Available
Status
Active
Property Type
FRM
Documents Available
Aerial
Property SubType
Farm
Square Feet Source
Appraiser
Property SubType 2
Farm
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Mortgage Calculator
$12,635
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$9,750
Monthly Tax
$2,254
Monthly Insurance
$631
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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