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    Sonesta Ct Harlingen, TX 78550

    For Sale
    $345,000

    Prime 1.7-Acre Multifamily Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.697-acre lot in Harlingen, Texas, presents a remarkable opportunity for multifamily development. Located at 0 Sonesta Court, 78550, this flat, clear site is ideally suited for the construction of apartment buildings, townhomes, or similar residential projects. Its convenient location offers easy access to key amenities and infrastructure. The property's proximity to Valley International Airport of Harlingen and Valley Baptist Medical Center enhances its appeal and potential for attracting residents. The substantial lot size provides ample space for parking, landscaping, and the incorporation of desirable community amenities. Given the high demand for housing in the surrounding area, this property represents a lucrative investment for developers seeking to capitalize on the growing need for multifamily housing options in a thriving Texas community. The address is 0 Sonesta Court, Harlingen, Cameron County, TX 78550. The property is zoned for multifamily use (verification required). This is a truly exceptional opportunity to develop a high-density residential project in a desirable location.

    Property Features for 0 Sonesta Ct

    General Information

    Property type
    Multifamily properties
    Lot Size
    73,921 SF

    HighLights

    • $345,000 asking price.
    • 1.697‑acre lot in Harlingen, TX.
    • Multifamily development opportunity.
    • Located near Valley International Airport and Valley Baptist Medical Center.
    • Flat, clear site ideal for apartments or townhomes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.6659064
    Latitude
    26.1989371

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    FAQs

    What type of property is this?
    Multifamily property - Prime 1.7-Acre Multifamily Site
    Where is this multifamily property located?
    The property is located at Sonesta Ct Harlingen, TX.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: $345,000 asking price.; 1.697-acre lot in Harlingen, TX.; Multifamily development opportunity.
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    Sonesta Ct Harlingen, TX 78550
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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
    Sonesta Ct Harlingen, TX 78550
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