Lone Star Citrus Orchard represents an attractive investment opportunity in the growing Rio Grande Valley of Texas. Consisting of 60+/- acres in Hidalgo County, the property is currently planted to and operated as a commercial citrus grove. The property is planted to 10+/- acres Valencia, 15+/- acres Navel, and 35+/- Texas Ruby Red grapefruit. The property has been under the same professional management since 2002, generates an average cash on cash return of 4- 5%, and is perfect for the absentee landowner looking for tax-advantaged real estate investments. The property is clearly in the path of South Texas population growth, being located only 400 feet from Evangelina Garza elementary school in the La Joya ISD, has 1,300+/- feet of paved road access with city water nearby for the developer. If you are in the market for a medium to long term real estate investment with tax advantages and a long history of generating a cash return, this property definitely deserves your consideration.
The Facts: ~ 60+/- acres ~ Investment opportunity ~ Path of progress ~ Income producing ~ Paved access ~ Approximately 400 feet from an elementary school ~ La Joya ISD ~ Tax incentives