1246 Cesar Chavez RdAlamo, TX 78516

Property Details for 1246 Cesar Chavez Rd

Year built

2007

Lot size

0.90 AC

Property size (Sq ft)

4,375 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

A1800-00-044-0016-10

APU

A180000044001610

Description

This exceptional commercial property, located at 1246 N Cesar Chavez Road in Alamo, Texas, presents a unique investment opportunity. The 39,204 square foot lot, built in 2007, is currently improved with a mixed-use building featuring five distinct spaces. Two units are successfully operating as a bar and restaurant, while the remaining three units are utilized as an auto shop. All units are currently occupied, generating consistent income. The property's prime commercial location in Alamo, Hidalgo County, Texas (zip code 78516) offers excellent visibility and accessibility. This versatile property is ideal for a variety of uses, benefiting from its existing infrastructure and high occupancy rate. The asking price is $499,000, and owner financing is available, making this an attractive proposition for savvy investors seeking a strong return on investment. The property's land classification is designated as Land and Retail. This presents a rare chance to acquire a thriving commercial property with significant potential for future growth and development in a desirable Texas location.

• CAP approach

  CAP return

  Valuation

  6%

  $680,734

  6.5%

  $628,370

  7%

  $583,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $392,352

  Geo Method

  $1,034,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,217,420

  Mixed-Use / Specialty

  $629,349

  Hospitality / Lodging

  $465,924

  Office

  $628,963

  Institutional / Educational

  $655,420

  Residential Income

  $766,841

  Multifamily

  $901,863

  Automotive / Energy

  $561,788

  Parking / Income-Based Land

  $190,686

  Restaurant / Food Service

  $334,199

  Healthcare / Senior Housing

  $642,085

Location Insight

City

Alamo

County

Hidalgo

State

Texas

Latitude

26.2153

Longitude

-98.1295

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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