613 Shary RdMission, TX 78572

Property Details for 613 Shary Rd

Year built

1963

Lot size

2.71 AC

Property size (Sq ft)

1,220 SF

Property type

Office buildings

APN

S2950-00-000-0204-45

APU

S295000000020445

Description

This exceptional 2.71-acre commercial property, located at 613 N Shary Road in Mission, Texas, presents a unique investment opportunity. Boasting a prime location on a high-traffic road, this property enjoys exceptional visibility and accessibility, surrounded by recent developments and established national retailers. The existing 1,220 square foot building is included in the sale "as is." The property's zoning is designated for commercial use, making it suitable for a diverse range of businesses. This strategic location within Mission's thriving commercial sector offers significant potential for growth and return on investment. The ample space allows for various development possibilities, catering to a wide spectrum of commercial needs. Prospective buyers are responsible for verifying all aspects of zoning, development, and usage with the City of Mission and relevant governmental authorities to ensure compliance with all applicable regulations and obtain any necessary approvals before proceeding with any development plans. This is a remarkable chance to establish a presence in a dynamic and rapidly expanding commercial area. The asking price for this exceptional property is $3,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $167,653

  6.5%

  $154,757

  7%

  $143,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $105,202

  Geo Method

  $277,269

• Alternative Use

  Use

  Valuation

  Residential

  $191,898

  Hospitality

  $175,778

  Educational

  $146,245

  Medical

  $151,274

  Retail

  $227,492

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.2081

Longitude

-98.2872

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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