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    OFF-MARKET
    Land

    00 Expy 83 Hwy, Harlingen, TX 78552

    40 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 40-acre commercial property, situated on the south side of Expressway 83 Highway in Harlingen, Texas, presents a compelling investment opportunity. Zoned for mixed-use development, this expansive tract offers significant potential for a variety of projects. The property's prime location in Cameron County, with a 78552 zip code, ensures high visibility and accessibility. Currently classified as land and multifamily, with a subtype of commercial, apartment building, and duplex/triplex/quadruplex, it allows for diverse development strategies. The asking price is $3,989,000. Owner financing is available, making this an attractive proposition for various investors. Furthermore, an additional 2-acre corner lot is available for purchase, expanding the potential development footprint. This presents a unique chance to acquire a substantial land parcel in a thriving Texas market, ideal for those seeking a significant mixed-use development project or a portfolio addition. The property's size and location make it suitable for large-scale projects, while the owner financing option enhances its appeal. Serious inquiries are encouraged to explore this remarkable opportunity.

    Property profile
    Verified
    Property type Land
    Lot 40 ac (1,742,400 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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