600 Matamoros StLaredo, TX 78040

Property Details for 600 Matamoros St

Year built

1982

Lot size

1.42 AC

Property size (Sq ft)

2,482 SF

Property type

Banks

APN

710-00100-010

APU

71000100010

Description

This exceptional 2,482 square foot retail property presents a unique investment opportunity in the heart of Laredo, Texas. Situated on a full city block encompassing 1.417 acres, this former motor bank offers significant potential for redevelopment or repurposing. The building boasts 12 drive-thru lanes sheltered by a canopy, a valuable asset for various businesses. On-site parking is provided for 5 vehicles. The property's central Laredo location offers excellent visibility and accessibility, making it ideal for a wide range of commercial uses. Its substantial size and prime location within Webb County, Texas, at 600 Matamoros St, Laredo, TX 78040, present a compelling opportunity for investors seeking a high-impact commercial investment. The property's history as a bank provides a solid foundation for a variety of potential uses, from a new financial institution to a completely different type of retail establishment. The ample space and drive-thru lanes offer flexibility for creative redevelopment plans. This is a rare chance to acquire a significant piece of Laredo real estate with substantial upside potential. The property's size and location make it a standout opportunity in the competitive Laredo market.

• CAP approach

  CAP return

  Valuation

  6%

  $496,133

  6.5%

  $457,969

  7%

  $425,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $546,126

  Geo Method

  $1,421,492

• Alternative Use

  Use

  Valuation

  Residential

  $386,314

  Hospitality

  $353,862

  Educational

  $294,409

  Medical

  $304,534

  Retail

  $457,969

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.506

Longitude

-99.5022

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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