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Listed by eXp Realty LLC
$1,600,000
14,699 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,699 sqft
Subdivision West Tract
MLS Listing ID 513763
HOA Y/N No
Year Built 2015
Annual Tax Amount $10,820
Tax Year 2025
Lot Size 1.940 Acres
Acres 1.94
Property Sub-Type Commercial
Source Greater McAllen
Property Description
Prime Investment Opportunity in the Growing Weslaco/Elsa Corridor! This well-maintained strip center offers a diverse tenant mix including office, restaurant, drive-thru, and retail spaces. Built in 2015, the property consists of approximately 14,699 square feet of leasable space and features 36 on-site parking spaces. Strategically positioned on FM 88 at Mile 14 ½ N, the center benefits from excellent visibility and convenient access from both Weslaco and Elsa, serving a rapidly growing trade area. According to 2024 TxDOT data, the location has an average daily traffic count of approximately 13,369 vehicles, providing strong exposure for tenants. Offered at a price reflecting an attractive above 9% cap rate, this income-producing asset presents an exceptional opportunity for investors seeking strong cash flow and a stabilized commercial property in one of the Rio Grande Valley's expanding markets. Call today for more info!
Location
State TX
County Hidalgo
Interior
Heating Central
Cooling Central Air
Flooring Other
Appliance Electric Water Heater
Exterior
Garage Spaces 36.0
View Y/N No
Roof Type Clay Tile,Flat
Total Parking Spaces 36
Garage Yes
Building
Lot Description Strip Mall
Faces NW Corner of FM 88 & Mile 14 1/2 N
Story 2
Structure Type Stucco
New Construction No
Others
Tax ID W380000412000003
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