802 Jackson RdHidalgo, TX 78557

Property Details for 802 Jackson Rd

Year built

2007

Lot size

0.62 AC

Property size (Sq ft)

2,579 SF

Zone code

RS

Property type

Turn key restaurants

APN

V0564-01-000-000B-00

APU

V056401000000B00

Description

This exceptional 2,579 square foot commercial property, situated on a 0.62-acre lot at 802 N Jackson Road in Hidalgo, Texas, presents a compelling investment opportunity. Its prime corner location in the burgeoning South Jackson area offers unparalleled visibility and accessibility. The property benefits from its proximity to residential complexes, schools, and warehousing facilities, ensuring a robust customer base and convenient logistics. Furthermore, its strategic location near the international Pharr bridge provides easy access to cross-border commerce and a wider market reach. The substantial lot size offers significant expansion potential, allowing for the construction of additional commercial structures to accommodate growth or diversification of business ventures. This makes it an attractive proposition for entrepreneurs seeking to establish a new business, or for existing businesses looking to expand their operations. The area's strong growth trajectory suggests a promising return on investment. The property's versatility makes it suitable for a wide range of commercial uses, including restaurants, bars, and offices, providing flexibility for potential buyers. This is a rare opportunity to acquire a well-located, sizeable commercial property in a rapidly developing area with considerable future potential. The asking price is $665,000.

• CAP approach

  CAP return

  Valuation

  6%

  $520,979

  6.5%

  $480,903

  7%

  $446,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $560,424

  Geo Method

  $1,477,046

• Alternative Use

  Use

  Valuation

  Residential

  $405,660

  Hospitality

  $371,582

  Educational

  $309,152

  Medical

  $319,784

  Retail

  $480,903

Location Insight

City

Hidalgo

County

Hidalgo

State

Texas

Latitude

26.1055

Longitude

-98.2205

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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