1318 Zaragoza StLaredo, TX 78040

Property Details for 1318 Zaragoza St

Year built

1976

Lot size

0.11 AC

Property size (Sq ft)

9,170 SF

Property type

Retail space

APN

101-00007-090

APU

10100007090

Description

This exceptional commercial property, located at 1318 Zaragoza St, Laredo, TX 78040, offers over 9,170 square feet of versatile space. Previously utilized as a hotel, this property presents a unique opportunity for conversion into a mixed-use development, incorporating Airbnb-style units, efficiency apartments, and retail space. The existing structure boasts sturdy masonry block walls and metal steel support beams, ensuring a solid foundation for future renovations or adaptations. Situated within walking distance of Laredo's International Bridge I and directly across from The Outlet Shoppes Mall, this location benefits from high visibility and significant foot traffic. The property's 4,891 square feet of existing building space provides ample room for various commercial endeavors. The asking price is negotiable, and owner financing is available, making this an attractive investment opportunity for developers and entrepreneurs seeking a prime location in a thriving Texas market. The property is zoned for commercial use and is ready for immediate development or lease. This is a rare chance to acquire a substantial property in a high-traffic area with significant potential for growth and return on investment. The property's strategic location and flexible zoning make it ideal for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,833,023

  6.5%

  $1,692,021

  7%

  $1,571,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,017,707

  Geo Method

  $5,251,846

• Alternative Use

  Use

  Valuation

  Residential

  $1,427,283

  Hospitality

  $1,307,384

  Educational

  $1,087,728

  Medical

  $1,125,136

  Retail

  $1,692,021

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.5024

Longitude

-99.5092

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].