389 Hidalgo AveRaymondville, TX 78580

Property Details for 389 Hidalgo Ave

Year built

1930

Lot size

0.34 AC

Property size (Sq ft)

6,325 SF

Property type

Commercial real estate

APN

13895

APU

13895

Description

This exceptional commercial investment opportunity in Raymondville, Texas, presents a rare chance to acquire a thriving, multi-tenant property generating consistent rental income. Located on a 0.33-acre lot encompassing four city lots at 389 W Hidalgo Avenue, this property boasts unparalleled visibility directly off the city's main thoroughfare and offers convenient access to Interstate 69E. The property comprises three fully leased buildings: two retail spaces and a church, all contributing to a stable and predictable income stream. Adding to its appeal, a fourth lot houses a currently leased water mill, providing an additional revenue source. The total square footage of the buildings is 6,325 square feet. This strategic location near major transportation arteries ensures high traffic counts and excellent exposure for all tenants. The diverse tenant mix offers both stability and potential for future growth, making this property an attractive proposition for both experienced investors and those looking to diversify their holdings. This is a turnkey investment ready to generate immediate returns. The asking price is $210,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,099,649

  Hospitality

  $1,007,272

  Educational

  $838,039

  Medical

  $866,860

  Retail

  $1,303,616

Location Insight

City

Raymondville

County

Willacy

State

Texas

Latitude

26.4816

Longitude

-97.7851

CBSA code

39700

CBSA name

RAYMONDVILLE, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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