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W Eisenhower Rd - Prime Multifamily Development Opportunity 2.42 Acres of Commercial Land Offered at $588,441 CAD in Rio Grande City, TX 78582
Investment Highlights
- Prime Multifamily Development
- Rio Grande City Land Opportunity
Executive Summary
Offered at $420,000, providing investors and developers with a cost-effective entry point for a multifamily development in an established residential corridor.
Strong Community Connectivity
Conveniently located near schools, neighborhoods, retail services, and daily amenities that support resident retention and long-term asset performance.
Value Creation Opportunity
Investors can capitalize on the area's continued residential growth by developing a multifamily asset that may benefit from both rental income generation and future appreciation.
Flexible Development Potential
The site's size and configuration provide the opportunity to develop a garden-style apartment community, townhome project, or other medium-density residential product, subject to zoning and municipal approvals.
Property Facts
| Price | $588,441 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 2.42 AC |
| Property Type | Land | Cross Streets | San Roberto |
| Price | $588,441 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 2.42 AC |
| Cross Streets | San Roberto |
1 Lot Available
Lot
| Price | $588,441 CAD | Lot Size | 2.42 AC |
| Price Per AC | $243,157.43 CAD |
| Price | $588,441 CAD |
| Price Per AC | $243,157.43 CAD |
| Lot Size | 2.42 AC |
Attractive Basis for Development – Offered at $420,000, providing investors and developers with a cost-effective entry point for a multifamily development in an established residential corridor.
Description
Prime Multifamily Development Opportunity - 2.42 acres strategically positioned for a multifamily residential project in the growing Rio Grande Valley market. Infill Development Site - Located within an established community with nearby residential infrastructure already in place, reducing many challenges commonly associated with greenfield development. Growing Rio Grande Valley Market - Rio Grande City continues to benefit from population growth and increasing demand for quality housing, creating favorable fundamentals for multifamily investors. Strong Residential Demand Drivers - The property is surrounded by existing single-family neighborhoods, creating a natural extension for additional housing and supporting long-term occupancy potential. School-Oriented Location - Situated directly across from a middle school, offering convenient access for families and enhancing the appeal of future multifamily residences.
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W Eisenhower Rd - Prime Multifamily Development Opportunity
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