1110 Expressway 83Weslaco, TX 78599

Property Details for 1110 Expressway 83

Year built

1994

Lot size

0.77 AC

Property size (Sq ft)

3,222 SF

Property type

Automotive properties

APN

C2678-01-000-0003-00

APU

C267801000000300

Description

This exceptional commercial property in Weslaco, Texas, presents a remarkable investment opportunity. Boasting a prime corner lot location with 125 feet of frontage on Expressway 83 (I-2) frontage road, between Texas Blvd and Westgate Dr, this high-visibility site benefits from consistent heavy traffic. The 1.54-acre lot (comprising two parcels, 342365 & 536788, each slightly over 0.75 acres) has served as a successful independent car dealership since 1992, demonstrating its enduring appeal and suitability for various commercial ventures. The property includes two office buildings totaling approximately 1126 square feet and a substantial metal building of approximately 2250 square feet, offering ample space for diverse business needs. Surrounded by other thriving retail businesses, this location ensures consistent customer flow and excellent brand exposure. The property's versatility makes it suitable for a wide range of uses, including retail, restaurants, or continued operation as a car dealership. The seller is open to a lease-back arrangement, providing flexibility for potential buyers. This is a rare opportunity to acquire a well-established, high-traffic commercial property in a thriving Weslaco location. The total building square footage is 2,826 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $719,471

  6.5%

  $664,127

  7%

  $616,689

• Comparable approach

  Method

  Valuation

  Relative Method

  $766,972

  Geo Method

  $1,845,305

• Alternative Use

  Use

  Valuation

  Residential

  $560,216

  Hospitality

  $513,155

  Educational

  $426,939

  Medical

  $441,622

  Retail

  $664,127

Location Insight

City

Weslaco

County

Hidalgo

State

Texas

Latitude

26.1736

Longitude

-98.0017

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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