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OFF-MARKET
Apartment buildings

0 Frontage On Harvey Mitchell Pkwy Bryan, TX 77801

12.45 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12.45-acre tract, situated on Harvey Mitchell Parkway in Bryan, Texas, presents a remarkable multifamily development opportunity. Currently zoned Multi Family (MF), this property offers significant potential for a substantial apartment building project. The asking price is $2,982,771, translating to an estimated $5.50 per square foot (price to be finalized upon survey completion). The land boasts a tranquil setting, featuring a mix of native grasses and mature trees, and enjoys proximity to dedicated parkland to the southwest. Its advantageous location is just 0.5 miles from Highway 21 and 3 miles east of Lake Bryan, providing convenient access to major roadways and recreational amenities. The property's substantial size and prime location within Brazos County, Texas, 77801, make it an ideal investment for developers seeking to capitalize on the growing demand for multifamily housing in the Bryan area. The existing zoning eliminates the need for costly rezoning processes, streamlining the development timeline and minimizing upfront expenses. This is a rare opportunity to acquire a large, well-located parcel ready for immediate development. Detailed surveys and site plans are available upon request. Don't miss this chance to secure a prime piece of real estate in a thriving Texas market.

Property profile
Verified
Property type Apartment buildings
Lot 12.45 ac (542,322 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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