1600 Clark BlvdLaredo, TX 78043

Property Details for 1600 Clark Blvd

Year built

1799

Lot size

1.77 AC

Property size (Sq ft)

10,274 SF

Property type

Office buildings

APN

441-00881-010

APU

44100881010

Description

This exceptional 1.77-acre property at 1600 Clark Blvd in Laredo, Texas, presents a unique redevelopment opportunity. The site, situated on an entire city block, boasts high visibility due to its hard corner location and proximity to a substantial residential population. Currently configured as a church and previously used as a school, the property includes three existing buildings totaling approximately 18,998 square feet. These buildings feature a variety of spaces, including classrooms, offices, a converted gymnasium, and a large storage facility. Ample parking is also available. The property's zoning is R-1, offering flexibility for various uses. The total land area is 77,142 square feet, providing significant potential for expansion or redevelopment. The buildings are classified as Class B and were constructed in 1995. This location offers excellent access to a large pool of potential customers, making it ideal for a diverse range of businesses or a multi-family development. The asking price for this substantial property is $2,000,000. This is a rare chance to acquire a large, centrally located property with significant potential in a growing Texas market. The property's history as a school and church provides a unique character and adaptable space. The substantial lot size and existing buildings offer immediate utility while allowing for extensive future development. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,397,051

  6.5%

  $1,289,585

  7%

  $1,197,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $897,093

  Geo Method

  $2,334,972

• Alternative Use

  Use

  Valuation

  Residential

  $1,599,086

  Hospitality

  $1,464,754

  Educational

  $1,218,658

  Medical

  $1,260,570

  Retail

  $1,895,690

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.5162

Longitude

-99.4799

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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