2708 Texas BlvdWeslaco, TX 78599

Property Details for 2708 Texas Blvd

Year built

1980

Lot size

0.76 AC

Property size (Sq ft)

5,796 SF

Property type

Turn key restaurants

APN

W3800-00-107-0000-00

APU

W380000107000000

Description

This exceptional 7,738 square-foot restaurant building is situated on a highly visible corner lot in Weslaco, Texas. Constructed in 1980, the property boasts ample space for both indoor and outdoor dining. The substantial square footage allows for expansive dining areas, catering to a large customer base. The outdoor area includes a covered patio, providing additional seating and ambiance. The building's prime location ensures high visibility and accessibility, making it an ideal investment opportunity for established or aspiring restaurateurs. The asking price is $750,000. The property is located at 2708 N Texas Boulevard, Weslaco, TX 78599, within Hidalgo County. This turnkey restaurant space presents a unique chance to acquire a well-established commercial property in a thriving Texas market. The property's size and location make it suitable for a variety of restaurant concepts, offering significant potential for growth and profitability. The building's age provides an opportunity for potential renovations or upgrades to further enhance its appeal and functionality.

• CAP approach

  CAP return

  Valuation

  6%

  $1,294,242

  6.5%

  $1,194,685

  7%

  $1,109,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,379,692

  Geo Method

  $3,319,488

• Alternative Use

  Use

  Valuation

  Residential

  $1,007,762

  Hospitality

  $923,104

  Educational

  $768,012

  Medical

  $794,425

  Retail

  $1,194,685

Location Insight

City

Weslaco

County

Hidalgo

State

Texas

Latitude

26.1863

Longitude

-97.9907

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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