Description: This property is located adjacent to a 1,100-home site Master Planned Community with phase 1 completed and phase 3 having final plat approval. Located off the growing residential corridor of HWY 359, this property is ideal for multi-family development. Currently, there are no newly built apartment complexes in the area which will allow the developer/investor to “Set the Market” when it comes to rental rates and leasing opportunities. This is a great investment for both a long term operator or investor looking to diversify.
Location: 6911 Labores Dr. Laredo, TX 78046 Located off EG Ranch Road across from Freedom Elementary
Jay Puig- 956-237-8075
Improvements: There are currently no improvements on the property. Property was platted in 2021.
Other: The property is fully entitled and platted. The property is currently zoned R-1A. Seller will cooperate with a zone change request with a due diligence period for acquire zoning approval. Call Listing Broker for details.
Property Type : Multi-Family
Property Price : $1,298,950.00 or $5.99 psf
Property Size : ±4.97 Acres
Property Status : For Sale
