214 Inspiration RdMission, TX 78572

Property Details for 214 Inspiration Rd

Year built

1980

Lot size

0.40 AC

Property size (Sq ft)

2,187 SF

Property type

Retail properties

Property subtype

Strip malls

APN

W0100-00-019-0001-00

APU

W010000019000100

Description

This exceptional commercial property, located at 214 N Inspiration Road, presents a unique investment opportunity. The 17,424 square foot lot is zoned CO and offers significant potential for a variety of retail uses. The existing building, totaling 810 square feet, boasts a spacious main room, two additional rooms, and a single bathroom. Its previous use as a beauty salon for fifteen years speaks to its suitability for service-oriented businesses. The property includes eight parking spaces, a significant advantage in a high-traffic area. A convenient side door provides direct access to the expansive lot, offering ample space for outdoor activities or expansion. The property's excellent location near Expressway 83 and Inspiration Road ensures high visibility and accessibility, making it an ideal location for a thriving business. The property's parcel number is W010000019000100. This is a single-tenant property with no additional building suites. This is a rare opportunity to acquire a well-situated commercial property with significant development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $441,791

  6.5%

  $407,808

  7%

  $378,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $475,241

  Geo Method

  $1,252,540

• Alternative Use

  Use

  Valuation

  Residential

  $344,001

  Hospitality

  $315,103

  Educational

  $262,162

  Medical

  $271,178

  Retail

  $407,808

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.2126

Longitude

-98.3505

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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