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    Paloma Blvd Harlingen, TX 78552

    For Sale
    $500,000

    4.3 Acres, Multifamily Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 4.347-acre property in Harlingen, Texas, presents a unique multifamily development opportunity. Located just half a mile from Business 83 Expressway, this land boasts a recently approved Multifamily (M-2) zoning designation by the City of Harlingen, making it ideal for immediate development. The property's strategic location within one of the Rio Grande Valley's fastest-growing areas ensures high demand and strong potential returns. All utilities are readily available, simplifying the construction process. The expansive lot offers flexibility; developers can choose to subdivide the land or begin construction on existing lots. Its proximity to retail centers and employment hubs further enhances its appeal. This turnkey project capitalizes on the surging demand for multifamily housing in Harlingen, offering a chance to benefit from the city's economic growth and expanding population. Situated at 0 Paloma Boulevard, Harlingen, TX 78552, this is a rare opportunity to contribute to the development of Harlingen's West District. The asking price is $500,000.

    Property Features for 0 Paloma Blvd

    General Information

    Property type
    Multifamily properties
    Lot Size
    189,355 SF

    HighLights

    • $500,000 asking price.
    • 4.347‑acre multifamily land parcel in Harlingen, TX.
    • Multifamily (M‑2) zoning approved.
    • Utilities readily available.
    • Convenient location near retail and employment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.7365535
    Latitude
    26.1652553

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    FAQs

    What type of property is this?
    Multifamily property - 4.3 Acres, Multifamily Zoning, Prime Location
    Where is this multifamily property located?
    The property is located at Paloma Blvd Harlingen, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price.; 4.347-acre multifamily land parcel in Harlingen, TX.; Multifamily (M-2) zoning approved.
    Request Owner's contact information
    Paloma Blvd Harlingen, TX 78552
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Paloma Blvd Harlingen, TX 78552
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