116 12Th AveEdinburg, TX 78539

Property Details for 116 12Th Ave

Year built

1974

Lot size

0.08 AC

Property size (Sq ft)

1,837 SF

Zone code

C-3

Property type

Office buildings

APN

E3300-00-233-0021-00

APU

E330000233002100

Description

This exceptional 4,198 square foot commercial building at 116 12th Avenue, Edinburg, TX, presents a compelling investment opportunity. Situated on a 0.16-acre lot directly across from the recently renovated Hidalgo County Courthouse, this meticulously remodeled property offers twelve offices, five of which are currently available for lease, generating immediate income. Recent upgrades include a new roof, updated flooring, and modern air conditioning units, ensuring the building is in excellent condition. The strategic location, coupled with its modern amenities, makes this property highly attractive to a variety of tenants, particularly legal professionals seeking proximity to the courthouse. The building's strong potential for rental income, combined with its prime location and recent renovations, positions this property as a sound investment for long-term growth and return. The asking price is $980,000. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a thriving area of Edinburg, Texas. The building's excellent condition and desirable location promise a strong return on investment for the discerning buyer. Don't miss this chance to secure a valuable asset in a high-demand market.

• CAP approach

  CAP return

  Valuation

  6%

  $252,441

  6.5%

  $233,023

  7%

  $216,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $158,407

  Geo Method

  $417,495

• Alternative Use

  Use

  Valuation

  Residential

  $288,948

  Hospitality

  $264,675

  Educational

  $220,206

  Medical

  $227,780

  Retail

  $342,543

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.3018

Longitude

-98.1608

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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