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    OFF-MARKET
    Land

    5000 Expressway 83, Harlingen, TX 78552

    20 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 20-acre commercial and residential development site in Harlingen, Texas, presents a unique investment opportunity. Located at 5000 S Expressway 83, Cameron County, zip code 78552, this rectangular parcel boasts approximately 465 feet of frontage along Expressway 77/83, offering unparalleled visibility and accessibility. Currently zoned for commercial use and used as cultivated crop land, the property is ideally suited for a variety of mixed-use developments, including medical facilities, multi-family housing, retail spaces, or educational institutions. Its strategic location directly across the expressway from Harlingen Medical Center, along with nearby medical plazas, Lowe's, Home Depot, restaurants, and financial institutions, ensures high traffic and strong demand. The property's dimensions are approximately 465 feet of frontage by 1,852 feet deep. City water and sewer are readily available. The current agricultural tax assessment is $235 per year. Priced at $2,600,000, or $2.00 per square foot, this represents an exceptional value for a prime development site in a thriving Texas market. This is a rare opportunity to acquire a significant land parcel in a high-growth area with excellent infrastructure and a strong surrounding commercial base.

    Property profile
    Verified
    Property type Land
    Lot 20 ac (871,200 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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    CAP Approach CAP
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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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