1125 James StWeslaco, TX 78596

Property Details for 1125 James St

Year built

1992

Lot size

1.75 AC

Property size (Sq ft)

19,200 SF

Zone code

CO

Property type

Medical offices

Property subtype

Medical centers

APN

R3750-03-000-000B-00

APU

R375003000000B00

Description

This exceptional 19,200 square foot commercial plaza, situated on a generous 1.75-acre lot in the thriving city of Weslaco, Texas, presents a compelling investment opportunity. Currently utilized primarily for medical purposes, its strategic location places it at the heart of the city's burgeoning medical industry. The property boasts a partially leased status, offering immediate income potential and the flexibility to customize the remaining space to suit your specific needs. Financial projections indicate a potential rental income exceeding $30,000 per month, representing a significant return on investment. Priced competitively at under $130 per square foot, this property offers an unparalleled value proposition in a rapidly developing market. The substantial size of the lot provides ample room for expansion or future development, further enhancing its long-term investment potential. This is a rare chance to acquire a high-performing asset in a dynamic and growing area. Don't miss this opportunity to secure a prime piece of Weslaco's commercial real estate landscape. The property's current partial occupancy provides a solid foundation for immediate income generation, while the potential for full occupancy promises substantial future returns. The location within the medical corridor ensures consistent demand and a stable tenant base.

• CAP approach

  CAP return

  Valuation

  6%

  $3,203,345

  6.5%

  $2,956,934

  7%

  $2,745,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,973,950

  Geo Method

  $4,363,584

• Alternative Use

  Use

  Valuation

  Residential

  $3,666,598

  Hospitality

  $3,358,584

  Educational

  $2,794,302

  Medical

  $2,890,402

  Retail

  $4,346,692

Location Insight

City

Weslaco

County

Hidalgo

State

Texas

Latitude

26.1486

Longitude

-97.976

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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