917 Farragut StLaredo, TX 78040

Property Details for 917 Farragut St

Year built

1991

Lot size

0.35 AC

Property size (Sq ft)

6,720 SF

Property type

Office buildings

APN

101-00045-100

APU

10100045100

Description

This exceptional 6,698-square-foot retail space presents a unique investment opportunity in Laredo, Texas. Previously a bank branch, this single-tenant property boasts a highly desirable infill location within a bustling commercial area of Webb County. The 0.36-acre lot ensures ample space for potential expansion or outdoor amenities. The building's prime position benefits from consistent daytime foot traffic and strong neighboring businesses, creating a robust and supportive commercial environment. The property's vacant status allows for immediate occupancy and customization to suit a wide range of retail ventures. Its central Laredo location offers easy access to major thoroughfares and a dense residential population, guaranteeing high visibility and potential customer reach. The property's former use as a bank suggests a solid foundation and potentially desirable structural features. This is an ideal opportunity for businesses seeking a well-situated, sizable retail space in a thriving Texas market. The address is 917 Farragut St, Laredo, TX 78040.

• CAP approach

  CAP return

  Valuation

  6%

  $913,796

  6.5%

  $843,504

  7%

  $783,253

• Comparable approach

  Method

  Valuation

  Relative Method

  $586,758

  Geo Method

  $1,527,254

• Alternative Use

  Use

  Valuation

  Residential

  $1,045,945

  Hospitality

  $958,080

  Educational

  $797,111

  Medical

  $824,525

  Retail

  $1,239,950

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.5055

Longitude

-99.5054

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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