502 San Bernardo AveLaredo, TX 78040

Property Details for 502 San Bernardo Ave

Year built

1983

Lot size

0.28 AC

Property size (Sq ft)

10,864 SF

Property type

Industrial properties

APN

101-00042-060

APU

10100042060

Description

This fee-simple industrial property, located at 502 San Bernardo Avenue in Laredo, Texas, offers a compelling investment opportunity. The 10,864-square-foot warehouse sits on a 0.28-acre corner lot in Laredo's Downtown Historic District, boasting a convenient location within half a mile of two international ports of entry, including the Juárez-Lincoln International Bridge. The single-story building features a 12-foot ceiling height, two loading docks, and durable masonry construction with a metal roof. Currently 100% occupied by a single tenant under a modified gross lease expiring in July 2026, the property generates a net operating income (NOI) of $5,142, representing a 1.18% cap rate. The current lease is significantly below market rent, presenting a substantial value-add opportunity for the buyer. The property is zoned H-AE, providing flexibility for future redevelopment. With a sale price of $435,000, this represents a significant discount compared to average market sale prices. The property's prime location and potential for increased rental income or redevelopment make it an attractive investment prospect in the thriving Laredo market. The building is classified as Class C.

• Alternative Use

  Use

  Valuation

  Residential

  $1,690,944

  Hospitality

  $1,548,896

  Educational

  $1,288,663

  Medical

  $1,332,982

  Retail

  $2,004,587

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.5044

Longitude

-99.5049

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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