711 University DrEdinburg, TX 78539

Property Details for 711 University Dr

Year built

1988

Lot size

0.08 AC

Property size (Sq ft)

960 SF

Property type

Retail properties

Property subtype

Retail space

APN

E3300-00-238-0019-00

APU

E330000238001900

Description

This exceptional commercial property, located at 711 E University Drive in Edinburg, Texas, presents a unique investment opportunity. The 960-square-foot building sits on a 0.08-acre lot and is currently configured as a jewelry store, offering immediate income potential. The versatile layout includes a main storefront area and three additional divided spaces, providing flexibility for various commercial uses. A significant advantage is the inclusion of a one-bedroom efficiency apartment located upstairs, adding to the property's rental income potential or providing convenient owner-occupied space. Its prime location in downtown Edinburg offers excellent visibility and accessibility, being approximately half a mile from the courthouse, three-quarters of a mile from the expressway, and only 1.5 miles from the University of Texas Rio Grande Valley (UTRGV). This strategic positioning ensures high foot traffic and easy access for customers and employees. The asking price for this property is $360,000. This is an ideal opportunity for an investor seeking a strong return or a business owner looking for a well-situated space with added residential amenities. Don't miss this chance to acquire a thriving commercial property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $193,928

  6.5%

  $179,010

  7%

  $166,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $208,611

  Geo Method

  $549,812

• Alternative Use

  Use

  Valuation

  Residential

  $151,002

  Hospitality

  $138,317

  Educational

  $115,078

  Medical

  $119,036

  Retail

  $179,010

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.3007

Longitude

-98.1552

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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