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Seeking Market Insight: 5 x 1-Acre Lots on Montana Ave, El Paso, TX
Hello BiggerPockets Community,
I have an opportunity to purchase five 1-acre lots on Montana Ave in El Paso, Texas. However, I'm finding the available comps to be quite sparse, and the spread is larger than expected, making it challenging to pinpoint a likely value for these lots.
I'd greatly appreciate any insights or local knowledge about this market. Specifically, I’m interested in understanding the factors influencing land values in this area and any recent trends that may impact the pricing of these lots. If anyone is familiar with Montana Ave or the surrounding neighborhoods, your expertise would be immensely helpful.
Thank you in advance for your time and guidance. I truly value the collective wisdom of this community!