Current Use by Public Records
- Land
Property Details for 502 Fannin St
- Lot size
- 4.04 lot acres
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional 4.041-acre property, located at 502 E Fannin Street in Elsa, Texas, presents a remarkable multifamily or commercial development opportunity. Zoned for both commercial and residential use, this land offers unparalleled potential in a thriving area. The property's prime location near parks, shopping centers, and highly-rated schools ensures strong demand for any developed units. The asking price is $396,000. Significant groundwork has already been completed by the seller, including project elevations, surveys, and preliminary construction sketches, streamlining the development process and minimizing upfront costs. This comprehensive preparation significantly reduces the time and resources required to commence construction. The property's substantial size allows for a variety of development options, from apartment buildings to duplexes or triplexes, or even a mixed-use commercial project. The convenient location in Hidalgo County, Texas, with easy access to Alamo and Elsa, makes this an attractive investment for developers seeking a high-return project in a desirable area. This turnkey opportunity is ready for immediate development, offering a significant advantage in the competitive real estate market. The property is situated at 26.1750679 latitude and -98.1127241 longitude, with a zip code of 78516. Don't miss this chance to acquire a prime piece of land poised for significant growth and profitability.
Value Estimations
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AI approach
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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
- -98.1127
- Latitude
- 26.1751
