Prime Multifamily Development Lot – Four plex Zoned & Ready! Attention builders and investors: secure this exceptional lot perfectly positioned at 703 Thompson Rd in Mission, TX. Zoned for multifamily use and sitting directly across the street from Escobar Rios Elementary School, this clear, flat, and turnkey plot is located in a high-demand rental corridor heavily driven by dense multifamily housing. City utilities are available making this a seamless, ground-up development opportunity for an investor looking to construct a high-yield fourplex asset. Available for a clean cash sale at $125,000, this property offers an elite chance to build and capture massive rental equity in a rapidly growing sub-market. Act fast—bring your builder and submit your cash offer today before this prime development site is gone!
Irrigation water available via United Irrigation District
Home design
Property at 703 Thompson Rd, Mission, TX
Construction
Building area measured in square feet
Utilities
Electric service on property
City water
City sewer
Electricity connected
Cable connected
City garbage service
HOA & community
Mandatory POA with a transfer fee
Association dues of $20 monthly
Other
Lot is Lot 6, Gilberto Gutierrez subdivision
Lot area approximately 9,671 sq. ft. (0.222 acre)
Taxes listed for 2025
Directions: From the expressway and Conway go North. Turn West on 2 Mile Line. Turn North on Trosper Rd. Turn East on Thompson Rd. Property is at the end of the road on the south side.
Electricity and solar
View estimated energy costs and solar savings for this home
The duplex-fourplex residential district is established for the following purposes: To provide adequate space and site diversification for medium-density residential development where adequate streets and other community facilities are available for present and future needs.; To protect residential areas against pollution, environmental hazards, and other objectionable influences; To protect residential areas, as far as possible, against heavy traffic.; To manage the density of population and protect against congestion by providing for off-street parking spaces and by requiring the provision of open space in residential areas in order to open areas for rest and recreation and to break the monotony of continuous building bulk, thus providing a more desirable environment for urban living.; To provide for privacy and access of light and air to windows, as far as possible, through controls over the spacing and height of buildings and other structures.; To promote the most desirable use of land and direction of building development not in conflict with the comprehensive plan of the City of Mission; to promote stability of residential development; to protect the character of the district; to conserve the value of land and buildings; and to protect the city's tax base.; To promote the most efficient use of city facilities and services.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
5% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 111° expected this year, 21 days in 30 years
8/10 Wind Factor
97% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Mission, TX • 78573
Average low and high temperatures (°F)
70
50
80
57
87
65
86
70
92
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78
99
78
94
76
91
69
85
64
77
59
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 703 Thompson Rd
$115,937
$9,063 under list price of $125K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $85K to $245K.