810 Veterans BlvdPalmview, TX 78572

Property Details for 810 Veterans Blvd

Year built

2008

Lot size

5.86 AC

Property size (Sq ft)

47,140 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

P2810-00-000-0001-00

APU

P281000000000100

Description

This exceptional 3,000 square-foot commercial property, situated on a generous 5.86-acre lot in the thriving Palmview, Texas community, presents a unique investment opportunity. Previously used as a medical office, the building offers a flexible, adaptable layout with partitioned rooms easily reconfigured to suit a variety of retail or business needs. Its single-tenant occupancy provides a streamlined operational structure. The property boasts excellent visibility and accessibility, ensuring high customer traffic. The interior offers potential for renovation, allowing future tenants to customize the space to their specific requirements while leveraging the existing infrastructure. Four parking spaces are available on-site. The property's prime location within Palmview ensures a strong presence in a growing market, making it an ideal choice for businesses seeking to establish or expand their operations. The property's APN is P281000000000100. This is a single-suite building on a substantial lot, offering significant potential for growth and return on investment. The property's versatility and location make it a compelling option for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $9,522,657

  6.5%

  $8,790,145

  7%

  $8,162,277

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,243,657

  Geo Method

  $26,998,040

• Alternative Use

  Use

  Valuation

  Residential

  $7,414,816

  Hospitality

  $6,791,932

  Educational

  $5,650,807

  Medical

  $5,845,147

  Retail

  $8,790,145

Location Insight

City

Palmview

County

Hidalgo

State

Texas

Latitude

26.2353

Longitude

-98.3592

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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