0000 Alamo RdAlamo, TX 78516

Property Details for 0000 Alamo Rd

Year built

2023

Lot size

4.56 AC

Property type

Land

Description

This exceptional 4.56-acre commercial lot in Alamo, Texas (78516), presents a unique investment opportunity. Built in 2023, the property boasts approved construction documents readily transferable to the new owner, featuring partially developed plans for three modern apartment buildings encompassing 56 residences. This caters to the Rio Grande Valley's burgeoning housing market. The lot also includes versatile retail space at the front, ideal for various commercial ventures. Groundwork is already completed, promising immediate returns and substantial long-term growth potential. The seller is currently in discussions with the city of Alamo to explore the possibility of developing additional single-family residential lots alongside the commercial retail space, offering flexibility for future development. Strategically located near two international bridges, including the expanding Pharr International Bridge, this property benefits from significantly increasing traffic flow through Alamo, ensuring strong future demand. The asking price is $2,700,000.

Location Insight

City

Alamo

County

Hidalgo

State

Texas

Latitude

26.1725

Longitude

-98.1251

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