2205 Main AveAlton, TX 78573

Property Details for 2205 Main Ave

Year built

1994

Lot size

0.67 AC

Property size (Sq ft)

3,150 SF

Property type

Auto shops

APN

H3480-00-000-0004-01

APU

H348000000000401

Description

This exceptional 1,050 square foot commercial land opportunity is located at 2205 E Main Avenue in the rapidly growing city of Alton, Texas, zip code 78573. Situated on a high-traffic corner of Main Avenue and Linares Street, this property boasts excellent visibility and accessibility. Currently zoned residential, the seller mandates rezoning to commercial for any future use. The property includes a 2-bedroom, 1.5-bathroom home, potentially usable as an office or for other commercial purposes, along with two additional structures currently used for storage. This prime location is surrounded by a mix of multi-family residences, retail businesses, medical offices, and other commercial enterprises, presenting a diverse and thriving business environment. The asking price is $255,000. The property is owner-occupied, and showings of the structures are by appointment only, following an accepted offer. Built in 1983, this property presents a unique chance to capitalize on Alton's growth. Don't miss this chance to invest in a high-potential commercial location.

• CAP approach

  CAP return

  Valuation

  6%

  $636,325

  6.5%

  $587,377

  7%

  $545,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $684,504

  Geo Method

  $1,804,069

• Alternative Use

  Use

  Valuation

  Residential

  $495,475

  Hospitality

  $453,852

  Educational

  $377,600

  Medical

  $390,586

  Retail

  $587,377

Location Insight

City

Alton

County

Hidalgo

State

Texas

Latitude

26.2912

Longitude

-98.3379

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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