1702 University DrEdinburg, TX 78542

Property Details for 1702 University Dr

Year built

1971

Lot size

0.18 AC

Property size (Sq ft)

182 SF

Zone code

CO

Property type

Office buildings

APN

V3400-00-002-0021-00

APU

V340000002002100

Description

This exceptional 0.509-acre retail pad site, located at 1702 E University Dr, Edinburg, TX 78542 (APN: V3400-00-002-0021-00, V3400-00-002-0019-00, V3400-00-002-0018-00, V3400-00-002-0017-00), presents a remarkable investment opportunity. The property boasts a total of 22,187 square feet and is ideally suited for quick-service restaurants (QSR) or other retail businesses. Its strategic location offers unparalleled visibility and accessibility, situated near the Hidalgo County Courthouse and the University of Texas Rio Grande Valley (UTRGV) campus. The convenient proximity to Interstate Highway 69C ensures high traffic volume and easy access for customers. This prime location within a thriving retail community provides a strong foundation for business growth and success. The asking price is $600,000, translating to $27.04 per square foot. This represents a compelling value proposition for investors seeking a high-return, strategically located retail property in a rapidly developing area of Edinburg, Texas. Don't miss this chance to acquire a truly exceptional retail pad site in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $25,011

  6.5%

  $23,087

  7%

  $21,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,694

  Geo Method

  $41,363

• Alternative Use

  Use

  Valuation

  Residential

  $28,627

  Hospitality

  $26,223

  Educational

  $21,817

  Medical

  $22,567

  Retail

  $33,937

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.2986

Longitude

-98.1454

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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