113 Bridge StHidalgo, TX 78557

Property Details for 113 Bridge St

Year built

1980

Lot size

0.50 AC

Property size (Sq ft)

2,400 SF

Property type

Grocery and convenience stores

APN

P4600-00-001-0008-10

APU

P460000001000810

Description

This exceptional 5,400 square foot commercial property in Hidalgo, Texas, presents a unique investment opportunity. Situated on a half-acre lot at 113 Bridge Street, the property boasts two buildings. One building currently operates as a successful restaurant, generating consistent revenue. The second building, a former gas station, offers significant redevelopment potential. Imagine transforming this space into a retail store, convenience store, or service-oriented business. The property features ample parking, with 20 spaces currently available and additional land allowing for expansion of parking or even the construction of another building. Its strategic location, just two miles from the Hidalgo International Bridge and less than a mile from City Hall, ensures high visibility and accessibility. This high-traffic area, close to government offices, promises strong potential for growth and profitability. The property's versatility makes it ideal for investors seeking dual income streams or business owners looking to establish a thriving enterprise in a rapidly developing border region. This is a chance to capitalize on the burgeoning border economy.

• CAP approach

  CAP return

  Valuation

  6%

  $484,819

  6.5%

  $447,525

  7%

  $415,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $521,527

  Geo Method

  $1,374,529

• Alternative Use

  Use

  Valuation

  Residential

  $377,504

  Hospitality

  $345,792

  Educational

  $287,695

  Medical

  $297,589

  Retail

  $447,525

Location Insight

City

Hidalgo

County

Hidalgo

State

Texas

Latitude

26.1051

Longitude

-98.2614

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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