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1 Main Ave Laredo, TX 78040

Prime Retail Space, Two Units Available

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 126,045 square foot retail property, located at 1 S. Main Ave. in Laredo, presents a unique investment opportunity. The building, constructed in 1973, boasts 15 stories and features three elevators. The property sits on a 0.709-acre lot (30,865 square feet) and is zoned B-3, allowing for a variety of commercial uses. Two retail spaces are currently available, ranging from 8,350 to 9,140 square feet. Its prime downtown location offers unparalleled access to two international bridges connecting the US and Mexico, attracting millions of pedestrians and vehicles annually. The property's proximity to the Rio Grande River and the Outlet Shoppes at Laredo, a 430,000+ square foot mixed-use development attracting over 4.5 million shoppers yearly, further enhances its desirability. The building's former use as a hotel presents a compelling redevelopment opportunity, potentially suitable for senior housing or public housing. The first floor is ideally suited for restaurants, while the fifteenth floor could be transformed into a ballroom or nightclub. This is a rare chance to acquire a substantial retail property in a high-traffic, strategically located area with significant redevelopment potential. The APN is 161811.

Highlights

  • 126,045 SF retail building on a 30,865 SF lot (0.709 acres).
  • Multiple tenancy with two 8,350-9,140 SF spaces available.
  • Class D building, built in 1973, 15 stories, with 3 elevators.
  • Located in Downtown Laredo, near two international bridges and the Outlet Shoppes at Laredo.
  • B-3 zoning.

Property Details for 1 Main Ave

Property type
Retail properties
RSF (Rentable sq. ft)
126,045 SF
Class
D
Year Built
1973
Stories
15

Unit(s) available at that property

Space
First floor
Size
9,140 SF
Space
15 Floor
Size
8,350 SF

Location Insight

City
Laredo
County
Webb
State
Texas
Latitude
27.5011716
Longitude
-99.5131662

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FAQs

What type of property is this?
Retail property - Prime Retail Space, Two Units Available
Where is the retail property located?
The property is located at 1 Main Ave Laredo, TX.
What are key features of this property?
This property features: 126,045 SF retail building on a 30,865 SF lot (0.709 acres).; Multiple tenancy with two 8,350-9,140 SF spaces available.; Class D building, built in 1973, 15 stories, with 3 elevators.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Joey Ferguson
Joey Ferguson
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Useful Information

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Main Ave
Laredo, TX 78040

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Main Ave
Laredo, TX 78040

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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1 Main Ave
  • Joey Ferguson
    Joey Ferguson
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