1640 Griffin PkwyMission, TX 78572

Property Details for 1640 Griffin Pkwy

Year built

2003

Lot size

0.14 AC

Property size (Sq ft)

4,235 SF

Zone code

CO

Property type

Strip malls

Property subtype

Neighborhood centers

APN

S6260-01-000-0024-00

APU

S626001000002400

Description

This exceptional 6,003 square foot commercial land parcel presents a unique investment opportunity. Currently improved with a thriving daycare and preschool facility, the property boasts a substantial 13,627 square feet of building space. The existing structure features eleven classrooms, a spacious cafeteria, a fully equipped kitchen, and ample storage areas, including a dedicated janitorial room and outside storage. Staff and children are well-served by nine restrooms and a comfortable teachers' lounge. A key feature is the inclusion of a secure playground and ample security measures, including cameras throughout the building. The HVAC system comprises five air conditioning units, ensuring year-round climate control. A private office and reception area complete the functional layout. The property is conveniently located in a highly desirable area with easy access to amenities and transportation, making it an ideal location for a continued daycare operation or a potential redevelopment project. The property's single-tenant occupancy simplifies management, and the existing infrastructure provides a solid foundation for immediate operation or future expansion. The lot size is 6,003 square feet, and the Assessor's Parcel Number (APN) is S626001000002400. This turnkey operation offers significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $855,504

  6.5%

  $789,696

  7%

  $733,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $920,278

  Geo Method

  $2,425,471

• Alternative Use

  Use

  Valuation

  Residential

  $666,138

  Hospitality

  $610,179

  Educational

  $507,662

  Medical

  $525,121

  Retail

  $789,696

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.2249

Longitude

-98.2983

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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