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

Status of the property has changed, please contact for details

List Price$2,705,703

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #467319

Farm

Type

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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