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    333 Freddy Gonzalez Dr Edinburg, TX 78539

    For Sale
    $1,700,000

    5.81 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 5.81-acre tract presents a unique redevelopment opportunity in the heart of Edinburg, Texas. Zoned for Neighborhood Commercial (Mixed Use), this is the largest such site in central Edinburg, offering unparalleled flexibility for a variety of projects. Its strategic location, just 1.25 miles from the University of Texas Rio Grande Valley's Edinburg campus and one mile from the new Hidalgo County Courthouse, ensures high visibility and accessibility. The property's proximity to US 281, HEB Park, and IDEA Public School's Toros Academy further enhances its appeal. Surrounded by municipal parks, including Ebony Hills Golf Course and Cenizo Park, this site offers a desirable blend of urban convenience and natural amenities. The property is situated in a New Markets Tax Credit area, providing significant financial incentives for qualified projects. This is a rare chance to acquire a substantial parcel of land in a thriving community, ideal for high-density residential, commercial development, or a mixed-use project. The site is located in FEMA Floodzone X. This is the first time in 100 years this land has been available for redevelopment. The asking price is $1,700,000, and the ownership is fee simple.

    Property Features for 333 Freddy Gonzalez Dr

    General Information

    Property type
    Land
    Lot Size
    253,084 SF

    HighLights

    • 5.81‑acre mixed‑use zoned site in central Edinburg, TX.
    • Prime location near UT Rio Grande Valley, Hidalgo County Courthouse, US 281, and major retail.
    • Located in a New Markets Tax Credit area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1676645
    Latitude
    26.2872885

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    FAQs

    What type of property is this?
    Land - 5.81 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at 333 Freddy Gonzalez Dr Edinburg, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 5.81-acre mixed-use zoned site in central Edinburg, TX.; Prime location near UT Rio Grande Valley, Hidalgo County Courthouse, US 281, and major retail.; Located in a New Markets Tax Credit area.
    Request Owner's contact information
    333 Freddy Gonzalez Dr Edinburg, TX 78539
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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
    333 Freddy Gonzalez Dr Edinburg, TX 78539
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