219 Del Mar BlvdLaredo, TX 78041

Property Details for 219 Del Mar Blvd

Year built

1962

Lot size

0.66 AC

Property size (Sq ft)

5,165 SF

Property type

Retail space

APN

909-00018-279

APU

90900018279

Description

This exceptional Class A commercial property, located at 219 E Del Mar in Webb County, offers a unique blend of retail and office spaces. Built in 1980 and extensively renovated in 2014, this two-story building boasts a total of 6,700 square feet, divided into four suites. Currently, 1,254 square feet are vacant, presenting an excellent opportunity for a discerning tenant. The available space, totaling 1,429 square feet, is ideally situated on a major east-west corridor in Laredo, Texas, ensuring high visibility and accessibility. The property's strategic location on the "going home" side of Del Mar Boulevard further enhances its appeal. The building caters to diverse business needs, encompassing creative office, executive office, and traditional office sub-types, in addition to retail and restaurant possibilities. This versatile property is perfect for businesses seeking a prominent presence in a thriving Laredo market. The building's excellent condition and recent renovations ensure a modern and functional workspace. The multiple suite configuration offers flexibility for businesses of various sizes. Don't miss this chance to secure a prime location in a well-maintained building with excellent visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,182,944

  6.5%

  $1,091,949

  7%

  $1,013,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,850,977

  Geo Method

  $2,958,101

• Alternative Use

  Use

  Valuation

  Residential

  $921,100

  Hospitality

  $843,722

  Educational

  $701,967

  Medical

  $726,109

  Retail

  $1,091,949

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.5688

Longitude

-99.4886

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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