0 Arroyo Blvd, Rio Hondo, TX 78583
This exceptional 21,780 square foot lot presents a unique investment opportunity in Rio Hondo, Texas. Located at 0 S Arroyo Boulevard, San Benito, TX 78583, this property boasts a prime waterfront position on the Arroyo Colorado. The land is already fenced, providing security and convenience, and features a functioning water well, eliminating the need for immediate connection to municipal water services. This significantly reduces initial development costs and offers immediate utility. The property's substantial size allows for a variety of development possibilities, from residential construction to commercial ventures, making it an attractive proposition for both individual investors and larger development firms. The convenient location in Cameron County, Texas, offers easy access to local amenities and transportation networks. With its existing infrastructure and desirable waterfront location, this lot is ready for immediate development, presenting a compelling opportunity to capitalize on the growing market in this area. The asking price is $210,000. Detailed surveys and site plans are available upon request. This is a rare opportunity to acquire a sizable, fully-fenced waterfront lot with a water well in a desirable Texas location.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.