8236 Monte Cristo RdMonte Alto, TX 78538

Property Details for 8236 Monte Cristo Rd

Year built

1994

Construction

FRAME

Lot size

1.96 AC

Property size (Sq ft)

3,172 SF

Zone code

RS

Property type

Day care centers & nurseries

APN

B2640-02-000-0001-00

APU

B264002000000100

Description

This exceptional 1.962-acre commercial land parcel, located at 8236 E Monte Cristo Road in Edcouch, Texas, presents a compelling investment opportunity. Situated in Hidalgo County, zip code 78538, this property boasts a prime location, ideal for a variety of commercial ventures. The land was originally developed in 1994 and offers significant potential for redevelopment or expansion. Its size allows for substantial building capacity, as evidenced by its previous use as a daycare center with a capacity for 72 children. The property's zoning and permitted uses should be independently verified. This versatile location offers numerous possibilities beyond its previous use, making it an attractive prospect for entrepreneurs and investors seeking a foothold in a thriving Texas market. The asking price is $140,000. The property's coordinates are 26.3149242 latitude and -97.9822387 longitude. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering. Further due diligence is recommended to confirm all aspects of the property's suitability for intended use.

• CAP approach

  CAP return

  Valuation

  6%

  $426,090

  6.5%

  $393,314

  7%

  $365,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $314,555

  Geo Method

  $829,036

• Alternative Use

  Use

  Valuation

  Residential

  $498,935

  Hospitality

  $457,022

  Educational

  $380,237

  Medical

  $393,314

  Retail

  $591,479

Location Insight

City

Edcouch

County

Hidalgo

State

Texas

Latitude

26.3157

Longitude

-97.9821

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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