1786 Business Highway 83Mission, TX 78572

For Sale
$3,000,000
50-Room Motel, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 50-room motel in Mission, Texas, presents a lucrative investment opportunity. Situated on a prominent 2.56-acre corner lot at the intersection of three major thoroughfares – Expressway 83 Frontage, Business Highway 83, and Inspiration Road – this property boasts unparalleled visibility and accessibility. The 48,284 square foot property, built in 1990, includes two buildings and features a desirable C3 zoning designation. The high-traffic location, with a combined daily traffic count exceeding 23,615 vehicles (not including the 70,808 VPD on Expressway 83), ensures consistent exposure and potential for strong revenue generation. The property includes an income-producing restaurant space and private 3-bedroom living quarters. All furniture and fixtures are included in the sale. This well-maintained motel benefits from its location in a rapidly growing area with significant ongoing development, making it an ideal investment for discerning buyers seeking a high-return property in a prime location. The asking price is $3,000,000, representing a price per square foot of $62.13. This fee-simple ownership opportunity offers significant potential for future growth and profitability. The property's strategic location, combined with its existing income stream and potential for expansion, makes it a compelling investment prospect.

Highlights

  • Hard Corner Lot.
  • Expressway 83 frontage.
  • High traffic counts (Expressway 83: 70,808 VPD; frontage road: 14,411 VPD).
  • Located in a rapidly developing area.
  • Serves a large local population.
  • Includes income-producing restaurant space with all furniture, fixtures, and equipment (FF&E).

Property Details for 1786 Business Highway 83

Property type
Land, Hospitality properties
Square Feet
48,284 SF
Year Built
1990
Buildings
2
Stories
1
Lot Size (sq. ft)
111,514 SF

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.216787608331
Longitude
-98.348212024677
1786 Business Highway 83, Mission, Texas

FAQs

What type of property is this?
Land - 50-Room Motel, High Traffic Area
Where is the land located?
The property is located at 1786 Business Highway 83 Mission, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Hard Corner Lot.; Expressway 83 frontage.; High traffic counts (Expressway 83: 70,808 VPD; frontage road: 14,411 VPD).
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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1786 Business Highway 83
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