14.56 +/- ac Garrett Rd.

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14.56 +/- ac Garrett Rd.

Harlingen, TX 78552
Asking Price
$1.09M
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel spanning 14.56 acres in Harlingen, Texas.
  • Property is currently available for purchase at $1,092,000.
  • Located along Garrett Rd with strategic access to regional transit.
  • Suitable acreage for residential subdivision or community development projects.
  • Positioned within the growing and active Rio Grande Valley market.

What's Special

This residential land parcel spans 14.56 acres along Garrett Rd in Harlingen, Texas. Positioned within the Rio Grande Valley, this site provides significant acreage for developers looking to expand residential housing inventory in a growing regional market. The expansive footprint supports various density configurations, making it a functional choice for residential subdivision planning or community development projects. Proximity to local thoroughfares facilitates access for future residents to regional employment centers and services throughout the Harlingen area. The flat terrain and scale of the property allow for flexible site design tailored to current housing demand. Investors and builders will find the site provides a scalable foundation for project pipelines in this southern Texas corridor. As the region continues to experience steady growth, this acreage represents a strategic land asset for those focused on long-term residential supply.

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NOI
$80,000
Cap Rate
7.33%
DSCR
1.23
Tight
Cash-on-Cash
4.63%
Monthly Payment
$5,402.62
Annual Cash Flow
$15,168.558

Location & Travel Times