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    6418 Expwy 281 Hwy Edinburg, TX 78542

    For Sale
    $689,900

    Prime Edinburg location, high-traffic highway frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 3.903-acre tract in Edinburg, Texas, presents a unique investment opportunity. Situated on the busy US Highway 281, the property currently operates as an RV park and mobile home park. Its strategic location offers significant potential for redevelopment. The northern adjacent property is zoned industrial and houses a large tractor-truck facility, while the southern neighbor features seven vacant commercial lots, all fronting the highway. This suggests strong potential for rezoning the subject property for commercial or industrial use, opening doors to a variety of ventures. An unfinished concrete block building (lacking a roof) is also present on the site. The property's high visibility and accessibility make it ideal for a truck rental or storage facility, although rezoning would be required for such a use. The asking price is $689,900. The property's address is 6418 N EXPWY 281 Highway, Edinburg, TX 78542, within Hidalgo County. This is a rare chance to acquire a sizable parcel in a high-growth area with significant upside potential. Consider the possibilities for this versatile property and its prime highway location.

    Property Features for 6418 Expwy 281 Hwy

    General Information

    Property type
    Multifamily properties
    Lot Size
    170,015 SF

    HighLights

    • 3.903‑acre tract in Edinburg, TX, on US Highway 281.
    • Currently operating as an RV and mobile home park.
    • High redevelopment potential due to adjacent industrial and commercial properties.
    • Features an unfinished concrete block building.
    • Asking price: $689,900. Address: 6418 N EXPWY 281 Highway, Edinburg, TX 78542.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1432547
    Latitude
    26.3678007

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    FAQs

    What type of property is this?
    Multifamily property - Prime Edinburg location, high-traffic highway frontage.
    Where is this multifamily property located?
    The property is located at 6418 Expwy 281 Hwy Edinburg, TX.
    What is the asking price?
    The asking price for this property is $689,900.
    What are key features of this property?
    This property features: 3.903-acre tract in Edinburg, TX, on US Highway 281.; Currently operating as an RV and mobile home park.; High redevelopment potential due to adjacent industrial and commercial properties.
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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
    6418 Expwy 281 Hwy Edinburg, TX 78542
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