10 ACRES Wilson Road

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10 ACRES Wilson Road

Harlingen, TX 78552
Asking Price
$2.10M
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Ten acres of land available for residential development.
  • Property is situated on Wilson Road in Harlingen.
  • The total asking price is two million one hundred thousand dollars.
  • Strategic location within the growing Rio Grande Valley market.
  • Parcel offers significant capacity for new residential housing projects.

What's Special

Developing this 10-acre parcel on Wilson Road provides a strategic entry into the residential market of Harlingen. The site offers sufficient scale for a new residential community, capitalizing on the steady demand for housing in this growing region of the Rio Grande Valley. Harlingen serves as a vital logistics and commercial hub, benefiting from its proximity to major transportation arteries and an expanding regional population base. Prospective investors and developers will find the dimensions of this property conducive to various residential configurations, ranging from single-family subdivisions to more dense housing developments. The land is positioned to leverage the area's existing infrastructure and local economic expansion. As the regional economy continues to diversify, prime acreage with potential for residential density remains a foundational asset for long-term real estate portfolios looking to capitalize on South Texas growth trends.

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NOI
$80,000
Cap Rate
3.81%
DSCR
0.64
Underwater
Cash-on-Cash
-7.09%
Monthly Payment
$10,389.654
Annual Cash Flow
$-44,675.85

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