1015 University DrEdinburg, TX 78541

Property Details for 1015 University Dr

Year built

2002

Lot size

0.49 AC

Property size (Sq ft)

1,676 SF

Zone code

C-3

Property type

Office buildings

APN

E3300-00-241-0007-00

APU

E330000241000700

Description

This exceptional one-story, 4,244 square foot retail center in Edinburg, Texas, presents a prime investment opportunity. Located at 1015 E University Dr, 78541, this property boasts a highly desirable location on a major thoroughfare with significant morning and afternoon traffic volume. The building features three suites, with two currently available, ranging from 1,072 to 1,078 contiguous square feet. A total of 2,144 square feet is currently vacant, offering flexibility for various business needs. The center is ideally situated near the University of Texas Rio Grande Valley (UTRGV), the Hidalgo County Courthouse, and Highway 281, ensuring high visibility and accessibility. The property is zoned commercial and includes ample parking with 20 spaces available. Its modern design and convenient location within a densely populated area with a substantial daytime population make it an attractive option for businesses seeking a thriving commercial environment. Utilities are available, including power. This is a rare opportunity to secure space in a brand-new, high-traffic retail center in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $230,317

  6.5%

  $212,600

  7%

  $197,414

• Comparable approach

  Method

  Valuation

  Relative Method

  $144,524

  Geo Method

  $380,905

• Alternative Use

  Use

  Valuation

  Residential

  $263,624

  Hospitality

  $241,478

  Educational

  $200,907

  Medical

  $207,816

  Retail

  $312,522

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.3002

Longitude

-98.1517

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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