000 Malaga LnMission, TX 78573

For Sale
$300,000

3.71-Acre Multifamily Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $300,000 asking price for a multifamily property.
  • 3.71-acre land parcel in McAllen, TX, near Texas A&M University.
  • Zoned for multifamily development, ideal for student housing.
  • Approximately $80,000 per acre.
  • Located in the Sharyland School District.

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.308858
Longitude
-98.2978951
000 Malaga Ln, Mission, Texas

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000 Malaga Ln
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