1200 Veterans BlvdPalmview, TX 78572

Property Details for 1200 Veterans Blvd

Year built

1982

Lot size

0.70 AC

Property size (Sq ft)

2,000 SF

Zone code

CO

Property type

Office buildings

APN

H3944-00-000-0003-00

APU

H394400000000300

Description

This exceptional 4,462 square foot mixed-use property in Palmview, Texas presents a unique investment opportunity. Situated on a sizable 0.7-acre lot with convenient access to Expressway 83, this property boasts two substantial homes. The first residence offers five bedrooms and four bathrooms, providing ample living space. The second home, equally impressive, includes four bedrooms and three bathrooms, ideal for multi-generational living or as a rental unit. The commercial zoning allows for diverse business applications, making this property suitable for a variety of ventures, from a live-work space to a small business operation. The property's location near Expressway 83 ensures high visibility and accessibility, enhancing its commercial potential. This versatile property offers significant long-term investment potential, combining residential comfort with lucrative commercial possibilities. The expansive lot size also presents opportunities for future development or expansion. This is a rare chance to acquire a property that seamlessly blends residential and commercial uses in a thriving Texas community. The combination of two well-maintained homes and the flexible commercial zoning makes this an attractive option for investors and entrepreneurs alike. Don't miss this chance to own a piece of Palmview's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $272,284

  6.5%

  $251,339

  7%

  $233,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $174,395

  Geo Method

  $454,540

• Alternative Use

  Use

  Valuation

  Residential

  $311,660

  Hospitality

  $285,479

  Educational

  $237,515

  Medical

  $245,684

  Retail

  $369,468

Location Insight

City

Palmview

County

Hidalgo

State

Texas

Latitude

26.2385

Longitude

-98.3834

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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