Current Use by Public Records
- Land
Property Details for 000 Malaga Ln
- Property type
- Land
- Property subtype
- Apartment buildings
Description
Exceptional 3.71-acre development opportunity in Mission, TX, priced at $300,000 ($80,000/acre). This prime parcel is ideally situated near Texas A&M University, making it perfect for student housing. Zoning allows for the construction of fourplexes or larger apartment buildings, catering to the high demand for student and local housing. The property is located within the highly-rated Sharyland School District, offering a significant advantage for potential residents. County taxes provide a potential cost savings. The location boasts convenient access to university amenities and local attractions. Further enhancing the area's appeal, a new HEB grocery store is planned at the corner of Ware and 107, and Ware Road is scheduled for expansion to six lanes, improving traffic flow and accessibility. This presents a compelling investment opportunity with significant potential for strong rental income and future appreciation. The property's address is 000 Malaga Lane, McAllen, TX 78573.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2979
- Latitude
- 26.3089
