0 Paloma Blvd, Harlingen, TX 78552
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.