112 Van Week StEdinburg, TX 78541

Property Details for 112 Van Week St

Year built

1985

Lot size

0.16 AC

Property size (Sq ft)

1,440 SF

Property type

Auto shops

APN

E3300-00-121-0002-00

APU

E330000121000200

Description

This exceptional mixed-use property, located at 112 E Van Week Street in Edinburg, Texas, 78541, presents a compelling investment opportunity. Built in 1985, the property encompasses a substantial 7,099.844 square feet of land and features a blend of office, retail, and warehouse space. Currently generating a stable monthly income of $2,250 from four long-term tenants, this property offers significant potential for growth. The income does not include the vacant upstairs studio apartment, presenting an additional revenue stream opportunity. Its strategic location just north of the new courthouse further enhances its appeal. The property's versatility makes it suitable for a variety of uses, including a potential co-working space. The asking price is $449,999, and owner financing is available. Prospective buyers are responsible for verifying all building measurements. This is a motivated seller situation, making this a prime opportunity for investors seeking a strong return on investment in a thriving Texas market. The property is classified as Commercial, Executive Office, and Warehouse.

• CAP approach

  CAP return

  Valuation

  6%

  $290,892

  6.5%

  $268,515

  7%

  $249,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $312,916

  Geo Method

  $824,717

• Alternative Use

  Use

  Valuation

  Residential

  $226,503

  Hospitality

  $207,475

  Educational

  $172,617

  Medical

  $178,554

  Retail

  $268,515

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.307

Longitude

-98.1608

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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