101 Owassa RdEdinburg, TX 78542

For Sale
$2,850,000
High-traffic corner location, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional Edinburg, Texas business and building presents a lucrative investment opportunity. Located on a 1.55-acre lot at 101 E Owassa Rd, 78542, this property boasts 3,100 square feet of space in a General Commercial zoned area. The single-story building enjoys 100% occupancy and generates a substantial Net Operating Income (NOI) of $281,216, resulting in a compelling 9.87% cap rate. The asking price is $2,850,000, translating to $919.35 per square foot. This prime location benefits from high visibility and significant traffic volume, situated on a hard corner with over 78,000 vehicles per day on the 281/I-69 corridor and an additional 17,000+ vehicles per day on Owassa/Dove. All inventory and equipment are included in the sale. Financial statements are available upon request. The owner may consider selling the real estate separately. Please note that the legal property description excludes additional land acquired from TxDOT. Owner financing is available. This is a rare opportunity to acquire a thriving business with exceptional location and strong financial performance in the Rio Grande Valley.

Highlights

  • High-traffic corner lot.
  • Exceptional visibility with 78,000+ vehicles per day (VPD) on the 281/I-69 corridor.
  • Strong secondary traffic count of 17,000+ VPD on Owassa/Dove Road.
  • Owner financing options available.

Property Details for 101 Owassa Rd

Property type
Commercial real estate
Square Feet
3,100 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
67,518 SF

Location Insight

City
Edinburg
County
Hidalgo
State
Texas
Latitude
26.2480115
Longitude
-98.1739774
101 Owassa Rd, Edinburg, Texas

FAQs

What type of property is this?
Commercial real estate - High-traffic corner location, strong NOI.
Where is the commercial real estate located?
The property is located at 101 Owassa Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: High-traffic corner lot.; Exceptional visibility with 78,000+ vehicles per day (VPD) on the 281/I-69 corridor.; Strong secondary traffic count of 17,000+ VPD on Owassa/Dove Road.
How can I contact the broker?
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101 Owassa Rd
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