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$5,505,500

NEC Buddy Ganem @ Midway FKA CR2004/72 & CR3567/79, Portland, TX, 78374

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Baths0 Bath

About this property

Developer's dream property to create the newest subdivision in San Patricio County's fastest growing town of Portland! Situated perfectly on the corner of Buddy Ganem and Midway Road, (fka CR 2004/72 & CR 3567/79), the 157.3+/- acre site sits in Portland's extra territorial jurisdiction & is part of the solution for the area's increasing housing demand. Award-winning Gregory-Portland Independent School District, the recent WC Andrews Elementary School and incredible Early Childhood Center will deliver homebuyers to your door. Surface Estate only will convey to this 157.3 +/- acres with 2,640' along Buddy Ganem Drive and 2,640' along Midway Road. The existing metal building on 2.71 acres is not included in this offering. ExxonMobil, Cheniere, ArcelorMittal, Steel Dynamics Inc & the Port of Corpus Christi are expanding the economic base. Forward thinking minds will be housing these captains of industry. DR Horton, Lennar & others have capitalized on Portland's growth potential and you should as well. Portland recently welcomed Chic-fil-a, Auto Zone, Target, Chipolte, Raisin Canes & will be home to Olive Garden, Mr Gatti's Pizza Arcade, a new Leisure & Entertainment District, expanded medical facilities & a new big box store. The time is perfect to plant your residential real estate development in Portland, Texas & enjoy the exponential growth in Portland's residential growth corridor.

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0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$33,033 /month
Positive
Cash Flow Estimate:
$11,011 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Portland

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NEC Buddy Ganem @ Midway FKA CR2004/72 & CR3567/79 | Property Details | No Agent List