3353 Clark BlvdLaredo, TX 78043

Property Details for 3353 Clark Blvd

Year built

2005

Lot size

0.74 AC

Property size (Sq ft)

8,125 SF

Property type

Retail space

APN

908-10001-040

APU

90810001040

Description

This exceptional 8,125 square foot retail property, situated on a 0.74-acre lot at 3353 Clark Boulevard in Laredo, Texas, presents a compelling investment opportunity. The property is ideally suited for businesses seeking to establish a strong presence in a thriving commercial area. Its strategic location ensures high visibility and accessibility, attracting significant foot traffic and potential customers. The building offers ample space for a variety of retail uses, allowing for customization to meet specific business needs. The sale price is $1,198,488, representing a compelling 7.15% capitalization rate. This is a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance, minimizing the owner's ongoing expenses. This translates to a low-maintenance, high-return investment opportunity. The property's size and location make it an attractive prospect for both established businesses seeking expansion and new ventures looking to enter the Laredo market. Don't miss this chance to acquire a prime retail space in a dynamic and growing commercial area. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,624,088

  6.5%

  $1,499,158

  7%

  $1,392,075

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,787,831

  Geo Method

  $4,653,353

• Alternative Use

  Use

  Valuation

  Residential

  $1,264,596

  Hospitality

  $1,158,363

  Educational

  $963,744

  Medical

  $996,889

  Retail

  $1,499,158

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.5164

Longitude

-99.4603

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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