515 Main AveAlton, TX 78573

Property Details for 515 Main Ave

Year built

2017

Lot size

0.56 AC

Property size (Sq ft)

7,836 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

A3600-00-006-0001-05

APU

A360000006000105

Description

This exceptional commercial property located at 515 W Main Avenue #3, Alton, TX 78573, presents a unique investment opportunity. The property consists of a single-tenant building encompassing 8,072 square feet situated on a substantial 24,394.036 square foot lot. Currently, 2,630 square feet of the building is vacant, offering immediate potential for lease or occupancy. The property boasts ample parking with 30 spaces available for tenants and customers. Its ideal location makes it perfectly suited for a variety of commercial uses, including retail or office spaces. The property's APN is A360000006000105. A key advantage is the availability of a pylon sign, providing excellent visibility and branding opportunities for businesses seeking high traffic exposure in this vibrant area. This property offers a blend of existing structure and vacant space, providing flexibility for immediate use and future expansion. The single-tenant setup simplifies management, while the substantial lot size allows for potential future development or expansion. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,582,935

  6.5%

  $1,461,170

  7%

  $1,356,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,702,785

  Geo Method

  $4,487,837

• Alternative Use

  Use

  Valuation

  Residential

  $1,232,552

  Hospitality

  $1,129,011

  Educational

  $939,324

  Medical

  $971,629

  Retail

  $1,461,170

Location Insight

City

Alton

County

Hidalgo

State

Texas

Latitude

26.2882

Longitude

-98.319

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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