505 Angelita DrWeslaco, TX 78596

Property Details for 505 Angelita Dr

Year built

2005

Lot size

0.25 AC

Property size (Sq ft)

3,410 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R2436-00-00B-0019-00

APU

R24360000B001900

Description

This exceptional 3,410 square foot commercial property, located at 505 Angelita Drive Unit 7 in Weslaco, Texas, presents a compelling investment opportunity. The building boasts a modern stucco exterior and a combination flat roof with composition shingles, ensuring both aesthetic appeal and durability. A well-maintained paved parking area provides ample space for customers and employees, further enhanced by its advantageous end-cap position near the vehicle entry point. This prime location offers excellent visibility and accessibility, situated between Texas Blvd and Westgate Drive, two of Weslaco's busiest thoroughfares, guaranteeing high traffic flow and significant exposure. The property sits on a 0.25-acre lot. Currently, the space is leased to South Texas Fitness, a stable tenant with a lease that includes annual rent increases, providing a consistent income stream for the investor. This property is ideal for those seeking a strong, established commercial investment in a high-demand area of Weslaco. The combination of location, building condition, and existing lease makes this a truly attractive opportunity. The property's size and visibility make it suitable for a variety of commercial uses. The paved parking lot ensures convenient access for customers and employees. The strategic location between two major roadways guarantees high visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $761,463

  6.5%

  $702,889

  7%

  $652,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $811,736

  Geo Method

  $1,952,977

• Alternative Use

  Use

  Valuation

  Residential

  $592,913

  Hospitality

  $543,105

  Educational

  $451,857

  Medical

  $467,397

  Retail

  $702,889

Location Insight

City

Weslaco

County

Hidalgo

State

Texas

Latitude

26.1748

Longitude

-97.9963

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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