1786 Business Highway 83Mission, TX 78572

Property Details for 1786 Business Highway 83

Year built

1990

Lot size

2.56 AC

Property size (Sq ft)

24,802 SF

Property type

Motels

APN

T1010-00-000-000A-00

APU

T101000000000A00

Description

This exceptional 50-room motel in Mission, Texas, presents a lucrative investment opportunity. Situated on a prominent 2.56-acre corner lot at the intersection of three major thoroughfares – Expressway 83 Frontage, Business Highway 83, and Inspiration Road – this property boasts unparalleled visibility and accessibility. The 48,284 square foot property, built in 1990, includes two buildings and features a desirable C3 zoning designation. The high-traffic location, with a combined daily traffic count exceeding 23,615 vehicles (not including the 70,808 VPD on Expressway 83), ensures consistent exposure and potential for strong revenue generation. The property includes an income-producing restaurant space and private 3-bedroom living quarters. All furniture and fixtures are included in the sale. This well-maintained motel benefits from its location in a rapidly growing area with significant ongoing development, making it an ideal investment for discerning buyers seeking a high-return property in a prime location. The asking price is $3,000,000, representing a price per square foot of $62.13. This fee-simple ownership opportunity offers significant potential for future growth and profitability. The property's strategic location, combined with its existing income stream and potential for expansion, makes it a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $3,871,262

  6.5%

  $3,573,472

  7%

  $3,318,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,025,966

  Geo Method

  $13,246,364

• Alternative Use

  Use

  Valuation

  Residential

  $3,901,194

  Hospitality

  $3,573,472

  Educational

  $2,973,087

  Medical

  $3,075,336

  Retail

  $4,624,802

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.2174

Longitude

-98.3481

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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