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    Expy 83 Hwy San Benito, TX 78586

    For Sale
    $10,100,400

    106 Acres, Irrigated, Multi-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Exceptional investment opportunity in San Benito, Texas. This expansive 106.32-acre property, located at 0 Expressway 83 Highway, Harlingen, TX 78586, presents a unique blend of agricultural and multifamily development potential. Currently utilized as irrigated crop land and actively farmed, the land offers immediate income generation. The property boasts frontage along FM 509, providing excellent accessibility and visibility. The versatile nature of this land allows for various uses, including continued agricultural operations, subdivision into smaller tracts (potentially 20-acre parcels), or development of multifamily housing. The property's size and location in Cameron County, Texas, make it an attractive proposition for investors seeking a substantial land holding with diverse possibilities. The asking price is $10,100,400. This is a rare opportunity to acquire a significant land parcel with established agricultural use and significant future development potential. The property is zoned for commercial and multifamily use. Detailed zoning information is available upon request.

    Property Features for 0 Expy 83 Hwy

    General Information

    Property type
    Multifamily properties
    Lot Size
    4,631,299 SF

    HighLights

    • $10,100,400 asking price.
    • 106.32‑acre land parcel in Harlingen, TX.
    • Multifamily property with Farm and Commercial designations.
    • Located on Expressway 83 Highway, Cameron County, TX, zip code 78586.
    • May be purchased in 20‑acre tracts.
    • Irrigated farmland currently under cultivation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    San Benito
    County
    Cameron
    State
    Texas
    Longitude
    -97.633113
    Latitude
    26.0993063

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    FAQs

    What type of property is this?
    Multifamily property - 106 Acres, Irrigated, Multi-Use Potential
    Where is this multifamily property located?
    The property is located at Expy 83 Hwy San Benito, TX.
    What is the asking price?
    The asking price for this property is $10,100,400.
    What are key features of this property?
    This property features: $10,100,400 asking price.; 106.32-acre land parcel in Harlingen, TX.; Multifamily property with Farm and Commercial designations.
    Request Owner's contact information
    Expy 83 Hwy San Benito, TX 78586
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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
    Expy 83 Hwy San Benito, TX 78586
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