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    3515 Richardson Rd Edinburg, TX 78542

    For Sale
    $1,200,000

    Prime 10-acre commercial land, ideal for redevelopment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10-acre commercial land parcel, located at 3515 E Richardson Road E in Edinburg, Texas, presents a compelling investment opportunity. Situated in a rapidly growing area of Hidalgo County, this property boasts excellent access to major roadways, including US Highway 281, ensuring high visibility and convenient connectivity. Currently zoned for commercial use, the property offers significant potential for rezoning to accommodate multifamily development, catering to the increasing housing demand in the region. Built in 1994, the expansive lot size provides ample space for a substantial project. Its strategic location near key transportation arteries and amenities makes it an attractive site for developers seeking to capitalize on the thriving Edinburg market. The property's prime location and redevelopment potential make it an ideal investment for those looking to benefit from the area's robust growth trajectory. The asking price is $1,200,000. This is a rare opportunity to acquire a significant land parcel in a high-growth area of Texas. Don't miss out on this chance to secure a valuable asset with immense potential. The zip code is 78542.

    Property Features for 3515 Richardson Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    Building Details

    Year Built
    1994

    HighLights

    • 10‑acre commercial land parcel in Edinburg, TX (78542) at 3515 E Richardson Road E.
    • Excellent access to US Highway 281.
    • Currently commercially zoned, with potential for multifamily rezoning.
    • $1,200,000 asking price.
    • Located in a rapidly growing area of Hidalgo County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1256208
    Latitude
    26.3040341

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    FAQs

    What type of property is this?
    Land - Prime 10-acre commercial land, ideal for redevelopment.
    Where is this land located?
    The property is located at 3515 Richardson Rd Edinburg, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 10-acre commercial land parcel in Edinburg, TX (78542) at 3515 E Richardson Road E.; Excellent access to US Highway 281.; Currently commercially zoned, with potential for multifamily rezoning.
    (956) 616-7170
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    Edinburg, TX 78542
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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
    3515 Richardson Rd Edinburg, TX 78542
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