406 Chimney RdMission, TX 78572

Property Details for 406 Chimney Rd

Year built

2014

Lot size

5.29 AC

Property size (Sq ft)

3,132 SF

Property type

Bars

Property subtype

Pubs

APN

R3300-00-00A-0001-00

APU

R33000000A000100

Description

This exceptional 5.29-acre waterfront property located at 406 E Chimney Road E, Mission, Texas 78572, presents a rare investment opportunity. Built in 2014, this commercial land is zoned for restaurant use and offers significant potential for a thriving business. The property's expansive lot size provides ample space for development and expansion, catering to a variety of culinary concepts. Situated in Hidalgo County, this location benefits from excellent visibility and accessibility. The "as-is" sale includes all existing improvements, presenting a unique chance to acquire an established business or create a new culinary destination. The property's waterfront location is a highly desirable feature, offering stunning views and a unique atmosphere. Given the scarcity of such properties, this presents a compelling investment opportunity for discerning buyers seeking a prime location in a growing market. The property is being sold as is, with all conveyances included. Serious inquiries are encouraged to explore the full potential of this remarkable waterfront restaurant opportunity. The property's latitude and longitude coordinates are 26.157785, -98.332114 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $632,689

  6.5%

  $584,021

  7%

  $542,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $680,593

  Geo Method

  $1,793,760

• Alternative Use

  Use

  Valuation

  Residential

  $492,643

  Hospitality

  $451,259

  Educational

  $375,442

  Medical

  $388,354

  Retail

  $584,021

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.1578

Longitude

-98.3321

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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