$3,240,000

14000 Montwood Drive

El Paso TX, 79938

Description

This is a 120 acre portfolio with 15 parcels (will not sell separately) part of the portfolio is the first two 5 acre parcels for the continuation of Montwood Drive. Montwood Drive is one of the most important streets in El Paso. It runs parallel to Montana Ave and I-10. In the 1970's Section 3 was sold in 5 acre tracts and it was very difficult to acquire all the different parcels to continue the street. The same thing goes for Tierra Este Drive that currently ends on the northern portion of Section 3. If this land is developed it will greatly benefit the East side of El Paso with the traffic flow and it will create numerous commercial and apartment opportunities as well as residential neighborhood with great access that will skip some of the traffic problem areas. This would be a very desirable residential development because of the proximity to I-10.

Details

MLS#815804
Sub-TypeResale
StatusActive
Days On Site85

Features

ZoningRF
Acreage120.00

Loading Form

Loading Form

Area Information

StateTX
CityEl Paso
Zip Code79938
AreaEl Paso
Listing VS Median (in 79938)
Price:
$3,240,000
low | high
Med:
$198,725
100% of Average
On Site:
85
low | high
Med:
91.5
92.896174863388% of Average
Listing Updated: 12/12/2019
MLS Number: 815804
Listing Provided By:
Juan Uribe  of  Team Juan Uribe