For Sale
$2,175,000

1102 Airport Dr Weslaco, TX 78596

Prime Medical Area, Two Buildings

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity in Weslaco, Texas, presents two buildings situated on a 1.042-acre lot at 1102 S Airport Drive, 78596. The property enjoys a prime location near Knapp Hospital and Weslaco Regional Rehab Hospital, surrounded by numerous medical offices. One building, recently remodeled, features approximately 2,800 square feet, including a pharmacy with two drive-thru windows, a lobby, office space, and ample storage. An attached, vacant building offers roughly 2,000 square feet, suitable for office or retail use. A separate 6,624 square-foot building is currently leased to LabCorp until 2028, generating a net annual income of $125,000 after NNN expenses. This long-term lease provides significant stability. The property boasts approximately 58 parking spaces, including eight covered spots under two carports. The asking price for this lucrative investment is $2,175,000. Built in 2007, this property offers a blend of immediate income and future development potential in a thriving medical hub. The property is zoned for commercial, executive office, retail use.

Highlights

  • Asking Price: $2,175,000
  • Property Type: 1.042-acre land parcel with two buildings; one newly remodeled (approx. 2,800 SF) and one vacant (approx. 2,000 SF), plus a separately leased building (6,624 SF).
  • Location: 1102 S Airport Drive, Weslaco, TX 78596, near Knapp Hospital and Weslaco Regional Rehab Hospital.
  • Building Features: Newly remodeled building features a pharmacy layout with two drive-thru windows, lobby, office space, and ample storage. The vacant building offers space for office or retail use. The separately leased building (LabCorp tenant) has a lease extending to 2028, generating $125,000 net to owner annually after NNN expenses.
  • Parking: Approximately 58 parking spaces, including 8 covered spaces.

Property Details for 1102 Airport Dr

Property type
Retail properties, Office properties
Year Built
2007
Lot Size (sq. ft)
45,390 SF

Location Insight

City
Weslaco
County
Hidalgo
State
Texas
Latitude
26.1494197
Longitude
-97.9746969

FAQs

What type of property is this?
Retail property - Prime Medical Area, Two Buildings
Where is the retail property located?
The property is located at 1102 Airport Dr Weslaco, TX.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Asking Price: $2,175,000; Property Type: 1.042-acre land parcel with two buildings; one newly remodeled (approx. 2,800 SF) and one vacant (approx. 2,000 SF), plus a separately leased building (6,624 SF).; Location: 1102 S Airport Drive, Weslaco, TX 78596, near Knapp Hospital and Weslaco Regional Rehab Hospital.
How can I contact the broker?
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1102 Airport Dr
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