11 ACRES Briggs Coleman Rd

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11 ACRES Briggs Coleman Rd

Harlingen, TX 78550
Asking Price
$299K
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Large eleven-acre residential development site located in Harlingen
  • Priced at two hundred ninety-nine thousand dollars for acquisition
  • Strategically positioned within the growing Rio Grande Valley region
  • Suitable acreage for residential construction or subdivision projects
  • Easily accessible location on Briggs Coleman Road in Texas

What's Special

Residential development serves as a primary use case for this 11-acre parcel positioned on Briggs Coleman Rd in Harlingen, Texas. Situated in a region defined by its proximity to the Rio Grande Valley, this site provides significant acreage for expanding housing inventories in a growing suburban market. The expansive footprint allows for various density configurations, catering to builders or investors seeking to capitalize on regional population growth and the demand for single-family residential properties. Harlingen maintains a consistent economic climate supported by its status as a regional hub for healthcare and logistics, making this plot a strategic acquisition for those looking to establish a long-term presence in the area. The site offers sufficient space to accommodate infrastructure development while maintaining proximity to essential transit corridors and community services. Investors will find the land amenable to multi-phase planning or larger-scale residential projects as the local housing market continues to evolve alongside the broader South Texas landscape.

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NOI
$80,000
Cap Rate
26.76%
DSCR
4.51
Strong
Cash-on-Cash
69.40%
Monthly Payment
$1,479.289
Annual Cash Flow
$62,248.534

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