Property profile

0 Arroyo Blvd Rio Hondo, TX 78583

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Arroyo Blvd Rio Hondo, TX 78583
Rio Hondo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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