408 S 49th St

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Address: 408 S 49th St, McAllen, TX 78501, USA

Texas + Land/Development

Created date: August 20, 2026

Date last updated: October 20, 2026

Price: $140,000Investment Analyzer NEW!

±9,010 SF (±0.21 Acres)
Zoned R-2- Duplex-Fourplex Residential
Deed-Restricted for Multi-Family Residential Use
Ready to Build — No Platting or Infrastructure Work Required
City Water & Sewer Available at Street
Paved Street with Curb & Sidewalk in Place
Outside the 500-Year Floodplain (Flood Zone X)
Fully Built-Out Subdivision — Platted & Developed 2006–2007
Established HOA Construction Standards (Refer to Architectural Requirements)
Sharyland ISD (±0.7 mi to Sharyland High School, ±0.3 mi to Martinez Elementary)
Located Between Mission & McAllen, TX

Property Description

SVN | Hanna Solutions Commercial Real Estate is pleased to present 408 S. 49th Street a ±9,010 SF (0.21±AC) Multi-Family vacant lot in Shary Landing Subdivision, located between Mission and McAllen, Texas. Platted and developed in 2006–2007, Shary Landing is a fully built-out 70-lot subdivision developed with two-story brick multi-unit residential buildings. This is one of the last remaining vacant lots. The site is ready to build, with 85 feet of frontage on a paved street with curb and sidewalk in place, city water and sewer at the street, and a Flood Zone X designation. Recorded deed restrictions allow multi-family residential use, while R-2 zoning supports duplex or fourplex development consistent with the product already built next door. Established HOA standards provide a clear development framework. See Architectural Requirements for details. The location is a real advantage for the buyer and for future tenants. The property sits inside McAllen city limits but within Sharyland ISD, with Sharyland High School ±0.7 miles away. Shary Road is about 2 minutes out and Ware Road about 3, with H-E-B plus!, Walmart Supercenter, and The Home Depot all under a mile. Investment opportunity for a builder or investor to add new rental units in an established, stabilized neighborhood with a strong location and proven demand.