505 Business 83Weslaco, TX 78596

Property Details for 505 Business 83

Year built

2005

Lot size

4.22 AC

Property size (Sq ft)

62,290 SF

Zone code

C-3

Property type

Showrooms

APN

W3800-00-000-1507-01

APU

W380000000150701

Description

This exceptional 23,000-square-foot retail space, located at 505 W Business 83 in Weslaco, Texas, 78596, presents a unique opportunity for businesses seeking a high-traffic location. Previously occupied by Max Fine Furniture, this Class A, 2nd-generation building offers ample space for a variety of commercial uses, including retail, restaurant, or special purpose ventures. Built in 2005, the property boasts a spacious layout and abundant parking with 165 spaces available for customers and employees. Its prime location on Business 83 ensures high visibility and significant foot traffic, making it an ideal choice for businesses aiming to maximize their market reach. The property is zoned for commercial use and features multiple tenancy options. The absence of elevators is noted. This is a rare opportunity to secure a substantial retail space in a thriving Texas market. Don't miss out on this chance to establish your business in a highly visible and accessible location. Inquire today to learn more about leasing this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $10,685,500

  6.5%

  $9,863,530

  7%

  $9,159,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,119,710

  Geo Method

  $14,722,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $19,077,400

  Mixed-Use / Specialty

  $9,891,990

  Hospitality / Lodging

  $7,340,260

  Office

  $9,899,480

  Institutional / Educational

  $10,306,400

  Residential Income

  $12,058,500

  Multifamily

  $14,109,600

  Automotive / Energy

  $8,834,070

  Parking / Income-Based Land

  $2,985,680

  Restaurant / Food Service

  $5,280,670

  Healthcare / Senior Housing

  $10,078,800

Location Insight

City

Weslaco

County

Hidalgo

State

Texas

Latitude

26.1597

Longitude

-97.9956

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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