616 Nebraska AveSan Juan, TX 78589

Property Details for 616 Nebraska Ave

Year built

1980

Lot size

0.07 AC

Property size (Sq ft)

468 SF

Property type

Retail space

APN

S1000-00-033-0015-00

APU

S100000033001500

Description

This exceptional commercial property, located at 616 S Nebraska Avenue in San Juan, Texas, presents a unique investment opportunity. The 3,250.012 square foot lot features a building constructed in 1980, currently configured as office space in the front and warehouse space in the rear. This versatile layout offers significant flexibility for a variety of commercial uses, including retail, office, or a mixed-use development. Situated in the heart of San Juan's soon-to-be revitalized downtown area, this property benefits from high visibility on a busy street and convenient on-street public parking. The asking price is $99,999. The property is being sold "as-is," allowing for customization to meet specific business needs and capitalize on the area's anticipated growth. This is an ideal opportunity to establish a presence in a dynamic and developing Texas city. The property's location in Hidalgo County, Texas, zip code 78589, offers easy access to major transportation routes and a growing local market. Don't miss this chance to be part of San Juan's exciting transformation.

• CAP approach

  CAP return

  Valuation

  6%

  $94,540

  6.5%

  $87,267

  7%

  $81,034

• Comparable approach

  Method

  Valuation

  Relative Method

  $101,698

  Geo Method

  $268,033

• Alternative Use

  Use

  Valuation

  Residential

  $73,613

  Hospitality

  $67,429

  Educational

  $56,101

  Medical

  $58,030

  Retail

  $87,267

Location Insight

City

San Juan

County

Hidalgo

State

Texas

Latitude

26.1879

Longitude

-98.1561

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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