1601 Us Highway 83 San Benito, TX 78586
This exceptional 4.76-acre property in San Benito, Texas, presents a remarkable investment opportunity. Strategically located on the frontage of US Highway 83, this land offers high visibility and accessibility. The property is comprised of two parcels sold together, presenting versatile development potential for commercial ventures or multifamily residential projects. Two existing single-family homes enhance the property's immediate value. The first home is a charming two-story residence boasting four bedrooms, three full bathrooms, and a wraparound porch. The second two-story home includes four bedrooms, two full bathrooms, and a detached one-car garage. Both homes are well-maintained. This location benefits from proximity to numerous amenities, including a nearby H-E-B, Walmart Supercenter, various dining establishments, schools, Valley Baptist Medical Center, and Heavin Memorial Park. The flexible zoning potential and prime location make this a highly attractive investment, ideal for developers seeking a high-impact project in a thriving area. The property's address is 1601 W US Hwy 83, San Benito, TX 78586, within Cameron County. The asking price is $580,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.