This exceptional commercial property at 1006 N Conway Avenue in Mission, Texas, presents a unique investment opportunity. The property encompasses a substantial 3,497.86 square foot lot and features a single-tenant building with over 2,250 square feet of office/retail space, ideally suited for a variety of businesses. An additional 1,000 square feet of storage space is included, providing ample room for inventory or equipment. The building's strategic location at the intersection of Conway and Tom Landry offers excellent visibility and accessibility, placing it in the heart of downtown Mission on a major thoroughfare. The property is designated by APN M520000173000900 and has a single suite. There are no designated parking spaces on the property. The property type is listed as Land and Office, making it suitable for a range of commercial uses. This prime location, combined with the generous square footage and additional storage, makes this property an attractive option for businesses seeking a prominent presence in the thriving Mission, Texas market. The zip code is 78572.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$309,196
6.5%
$285,412
7%
$265,025
Comparable approach
Method
Valuation
Relative Method
$194,020
Geo Method
$511,358
Alternative Use
Use
Valuation
Residential
$353,910
Hospitality
$324,180
Educational
$269,714
Medical
$278,990
Retail
$419,555
Location Insight
City
Mission
County
Hidalgo
State
Texas
Latitude
26.2162
Longitude
-98.3253
CBSA code
32580
CBSA name
MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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