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660 FM 882 - MMO Estate
115 Acres of Commercial Land Offered at $832,000 in Kenedy, TX 78119
Investment Highlights
- Road frontage off FM 882
- Rental Income
- Income Producing Property
Executive Summary
Financial Summary (Actual - 2022) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$27,500
|
$239.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$27,500
|
$239.13
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $27,500 |
| Annual Per AC | $239.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $27,500 |
| Annual Per AC | $239.13 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $832,000 | Lot Size | 115.00 AC |
| Price Per AC | $7,235 |
| Price | $832,000 |
| Price Per AC | $7,235 |
| Lot Size | 115.00 AC |
Located on FM 882, the property has one leased site that is approximately 8+/- acres and is utilized by Conoco as an office. There is a small earthen tank in the middle of the property, and two pad sites with remaining acreage comprised of brush.
Description
The MMO Estate offers a chance to own an income producing property that is ground leased by Conoco. The property has 1 leased site that is approximately 8+/- acres and is utilized by Conoco as an office. There is a small earthern tank in the middle of the property. There are 2 pad sites on the property and the remaining acreage is comprised of typical native south Texas brush. The un-leased acreage could be utilized to run livestock. There is an additional 115 +/-acres available that is leased by Conoco and NuStar. Please call for further details regarding the rental income and tax info.
zoning
| Zoning Code | Ag |
| Ag |
Presented by
660 FM 882 - MMO Estate
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