2427 Griffin PkwyMission, TX 78572

Property Details for 2427 Griffin Pkwy

Year built

1985

Lot size

0.16 AC

Property size (Sq ft)

2,450 SF

Zone code

CO

Property type

Strip malls

Property subtype

Neighborhood centers

APN

T5280-00-001-0016-00

APU

T528000001001600

Description

This exceptional 6,751 square foot commercial property, located at 2427 E Griffin Parkway in Mission, Texas, presents a unique investment opportunity. Zoned C, this versatile lot offers a multitude of potential uses, including retail, office space, or even a place of worship. The property boasts a convenient single-tenant occupancy and ample parking with 10 spaces available. The property type encompasses land, office, retail, and industrial uses, providing significant flexibility for future development or immediate occupancy. The lot size is substantial, providing ample space for expansion or additional structures. The property's address is 2427 E Griffin Parkway, Mission, TX 78572, situated in a high-traffic area, making it ideal for businesses seeking high visibility and accessibility. The APN is T528000001001600. This property is ready for immediate occupancy, presenting a rare chance to establish a presence in a thriving Texas market. The existing building is 1,500 square feet. This property is a prime location for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $381,211

  6.5%

  $351,887

  7%

  $326,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $219,717

  Geo Method

  $579,084

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $681,754

  Mixed-Use / Specialty

  $352,435

  Hospitality / Lodging

  $260,917

  Office

  $352,219

  Institutional / Educational

  $367,035

  Residential Income

  $429,431

  Multifamily

  $505,043

  Automotive / Energy

  $314,601

  Parking / Income-Based Land

  $106,784

  Restaurant / Food Service

  $187,151

  Healthcare / Senior Housing

  $359,567

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.2242

Longitude

-98.2817

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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