1810 Griffin PkwyMission, TX 78572

Property Details for 1810 Griffin Pkwy

Year built

2001

Lot size

0.19 AC

Property size (Sq ft)

3,000 SF

Zone code

CO

Property type

Office buildings

APN

R3290-00-000-0006-00

APU

R329000000000600

Description

This exceptional commercial property, located at 1810 W Griffin Parkway in Mission, Texas, presents a lucrative investment opportunity. The 3,200 square foot building sits on a 0.24-acre lot in a high-traffic area, ideal for maximizing business visibility and client interaction. Currently operating as a fully equipped bar, the main unit includes all necessary kitchen appliances, televisions, and furniture, allowing for immediate operation with no additional setup costs. A significant advantage is the inclusion of a second unit, currently leased to a beauty salon, generating immediate rental income. This dual-income stream enhances the property's overall return on investment. The property boasts recent upgrades, including a premium rubber roof installed just two years ago and two brand-new air conditioning units, less than a year old, minimizing maintenance concerns and ensuring long-term operational efficiency. The property's prime location and existing businesses create a strong foundation for continued success and potential for future growth. This turn-key operation is ready for a new owner to step in and begin profiting immediately. The asking price for this exceptional investment is $1,500,000. Don't miss this chance to acquire a thriving commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $412,261

  6.5%

  $380,549

  7%

  $353,367

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,694

  Geo Method

  $681,810

• Alternative Use

  Use

  Valuation

  Residential

  $471,880

  Hospitality

  $432,240

  Educational

  $359,619

  Medical

  $371,986

  Retail

  $559,407

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.2251

Longitude

-98.2945

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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