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Property profile & analytics
OFF-MARKET
Land

2 Miles Fm 490 Edinburg, TX 78541

160 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 160-acre property in Edinburg, Texas, presents a unique investment opportunity. Located conveniently near FM 490, this expansive land parcel offers significant potential for various residential developments. The property includes a 20-acre caliche pit, currently inactive, adding to its versatility. While featuring a non-livable structure, the land is sold "as is" with all existing improvements. Utilities are already in place, with electricity and a functioning water well on-site. The asking price for this substantial land holding is $1,250,000. Situated in Hidalgo County, Texas, with a zip code of 78541, this property boasts a prime location with coordinates 26.477595 latitude and -98.3125334 longitude. The substantial acreage provides ample space for a wide range of residential projects, making it an attractive proposition for developers and investors seeking a significant land acquisition in a rapidly growing area. The existing infrastructure, including electricity and a water well, further enhances the property's appeal and reduces initial development costs. This is a rare opportunity to acquire a large tract of land in a desirable location with existing utilities.

Property profile
Verified
Property type Land
Lot 160 ac (6,969,600 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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