638 Raul Longoria RdEdinburg, TX 78542

Property Details for 638 Raul Longoria Rd

Year built

2008

Lot size

3.62 AC

Property size (Sq ft)

9,360 SF

Property type

Showrooms

APN

H5413-06-000-0001-00

APU

H541306000000100

Description

This 2.77-acre commercial land parcel, located at 638 S Raul Longoria Rd, Edinburg, TX 78542 (APN: H5413-06-000-0001-00), is offered at $526,000. Zoned CO, this property boasts exceptional visibility with over 10,000 vehicles passing daily. Its strategic location in a rapidly developing area places it adjacent to HEB Park, Edinburg Municipal Park, and a Dollar Tree, among other businesses. The land's size and zoning allow for diverse development options, including shopping centers, franchise locations, or multi-family residential complexes. This presents a unique opportunity for investors seeking a mixed-use development in a high-demand location. The land value is $4.36 per square foot. The property is owned by HUTTON BASECAMP LLC. All offers are encouraged. This sale includes a 2.77-acre portion of Legal description: H541306 - HUTTON NO. 6 - SEB. The property offers excellent access and high visibility, ensuring strong potential for any commercial venture. This is a prime opportunity to capitalize on Edinburg's growth.

• CAP approach

  CAP return

  Valuation

  6%

  $1,890,795

  6.5%

  $1,745,349

  7%

  $1,620,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,033,955

  Geo Method

  $5,360,663

• Alternative Use

  Use

  Valuation

  Residential

  $1,472,267

  Hospitality

  $1,348,589

  Educational

  $1,122,010

  Medical

  $1,160,598

  Retail

  $1,745,349

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.2917

Longitude

-98.137

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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