For Sale
$449,000

505 Angelita Dr Weslaco, TX 78596

7-Unit Retail Building, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 3,410 square foot retail property, located at 505 Angelita Drive #7 in Weslaco, Texas, presents a lucrative investment opportunity. Built in 2005, this stucco building features a flat roof and composition shingle roofing. The property boasts a desirable end-cap location with ample common area parking, providing excellent visibility and accessibility. Situated between Texas Blvd and Westgate Drive, two of Weslaco's busiest thoroughfares, this location ensures high traffic volume and significant exposure. The property is currently leased to South Texas Fitness, generating a 7% cap rate with scheduled annual rent increases. The permitted zoning is C1, suitable for a variety of professional and medical businesses. The asking price is $449,000, translating to $131.67 per square foot. The property consists of seven units and is identified by APN R2436-00-00B-0007-00. The property's convenient location and strong tenant occupancy make it an attractive investment for discerning buyers seeking a stable and high-return commercial property in a thriving Texas market. This is a turnkey opportunity with a proven track record of success. The property is located in Hidalgo County, Texas, zip code 78596.

Highlights

  • $449,000 asking price for a 3,410 SF retail property.
  • Located at 505 Angelita Drive #7, Weslaco, TX 78596.
  • Features 7 units, built in 2005, with C1 zoning.
  • $131.67/SF price per square foot.
  • Currently leased, yielding a 7% cap rate with scheduled annual rent increases.

Property Details for 505 Angelita Dr

Property type
Retail properties
Square Feet
3,410 SF
Year Built
2005
Units
7

Location Insight

City
Weslaco
County
Hidalgo
State
Texas
Latitude
26.1385465
Longitude
-97.991986

FAQs

What type of property is this?
Retail property - 7-Unit Retail Building, High Traffic Area
Where is the retail property located?
The property is located at 505 Angelita Dr Weslaco, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: $449,000 asking price for a 3,410 SF retail property.; Located at 505 Angelita Drive #7, Weslaco, TX 78596.; Features 7 units, built in 2005, with C1 zoning.
How can I contact the broker?
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505 Angelita Dr
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