1209 Conway Ave Mission, TX 78573
This exceptional 19.55-acre development property, located at 1209 Conway Avenue in Alton, Texas, presents a unique investment opportunity. Situated in a high-traffic area near downtown Alton, this expansive tract boasts excellent frontage on Conway Avenue (Highway 107), making it highly visible and easily accessible. The property's zoning allows for a variety of development options, including retail, multifamily, or mixed-use projects, catering to the growing needs of the community. Its strategic location offers proximity to major retailers, with Walmart and HEB located just one mile south at the intersection of Mile 3 and Conway Avenue. The property includes existing improvements, such as a house, which will be conveyed with the sale. The substantial square footage of 851,958 square feet provides ample space for a large-scale development project. Built in 2000, the existing structure offers potential for repurposing or demolition, depending on the chosen development plan. This property is ideally suited for an investor or developer seeking a prime location with significant potential for return. The asking price is $1,530,000. The property is located in Hidalgo County, Texas, with a zip code of 78573.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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