0000 Alamo Rd Alamo, TX 78516
- Land
- 4.56 lot acres
Current Use by Public Records
- Land
Property Details for 0000 Alamo Rd
- Year built
- 2023
- Lot size
- 4.56 lot acres
- Property type
- Land
Description
This exceptional 4.56-acre commercial land parcel in Alamo, Texas (zip code 78516), presents a unique investment opportunity. Built in 2023, the property boasts approved construction documents readily transferable to the new owner, featuring partially developed plans for three modern apartment buildings encompassing 56 residential units. This caters to the Rio Grande Valley's burgeoning housing market. The site also includes versatile retail/commercial space at the front, ideal for various ventures. Preliminary groundwork is complete, promising swift development and immediate returns. The seller is exploring options with the city of Alamo for potential subdivision into single-family residential lots alongside commercial retail space, offering flexibility for future development. Strategically located near two international bridges, including the expanding Pharr International Bridge, this property benefits from increased traffic flow and significant growth potential in Alamo. This presents a compelling investment opportunity with both short-term and long-term profitability. The asking price is $2,700,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alamo
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1251
- Latitude
- 26.1725
