000 Nebraska Rd Alamo, TX 78516
- Land
- 19.40 lot acres
Current Use by Public Records
- Land
Property Details for 000 Nebraska Rd
- Lot size
- 19.40 lot acres
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional 19.4-acre property in Alamo, Texas, presents a turnkey investment opportunity for multifamily development. Located in Hidalgo County, at 000 W Nebraska Road, zip code 78516 (26.1964777, -98.1244389), this land boasts a significant advantage: an official Notice to Proceed for a multifamily project is already in place. This eliminates substantial pre-development hurdles and allows for immediate construction. Essential utilities, including sewer and water, are readily available, further streamlining the development process and minimizing upfront costs. The property is situated in a rapidly growing area of Alamo, surrounded by new commercial and residential developments, indicating strong future appreciation potential. Convenient access to major roads and highways ensures excellent accessibility for future residents. Priced at $2,165,000, this project-ready land offers a compelling investment opportunity in a thriving Texas community. The property is zoned for Commercial, Residential, and Apartment Building uses, making it suitable for a variety of multifamily development plans. This is a rare chance to acquire a fully permitted and utility-serviced site, ready for immediate construction, in a high-growth area.
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
- -98.1244
- Latitude
- 26.1965
