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Property profile & analytics
OFF-MARKET
Land

0 Paloma Blvd Harlingen, TX 78552

4.35 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.347-acre property in Harlingen, Texas, presents a unique multifamily development opportunity. Located just half a mile from Business 83 Expressway, this land boasts a recently approved Multifamily (M-2) zoning designation by the City of Harlingen, making it ideal for immediate development. The property's strategic location within one of the Rio Grande Valley's fastest-growing areas ensures high demand and strong potential returns. All utilities are readily available, simplifying the construction process. The expansive lot offers flexibility; developers can choose to subdivide the land or begin construction on existing lots. Its proximity to retail centers and employment hubs further enhances its appeal. This turnkey project capitalizes on the surging demand for multifamily housing in Harlingen, offering a chance to benefit from the city's economic growth and expanding population. Situated at 0 Paloma Boulevard, Harlingen, TX 78552, this is a rare opportunity to contribute to the development of Harlingen's West District. The asking price is $500,000.

Property profile
Verified
Property type Land
Lot 4.35 ac (189,355 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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