Listed by CBRE - San Antonio
$420,000
2.414 acres W Eisenhower Rd, Rio Grande City, TX
Details
Property Type Land
Sub Type Residential, Commercial
Price per SqFt $4
Acreage 2.410
Investment Type Owner/User
Sale Condition For sale by owner
Land | 2.41 acres
Marketing description
- Prime Multifamily Development Opportunity – Approximately 2.414 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.
Investment highlights
- 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.
- 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.
Listing Contacts
Listed by CBRE - San Antonio
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