Remodeled Office Building Near Courthouse

116 12th Avenue, Edinburg, TX 78539

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For Sale

$975,000

Prime office space with immediate income potential in Edinburg, TX.

Type:General Commercial

Property size:

4,198 SF

Price / SF:

$232/SF

HighLights

Prime office space across from the newly remodeled Hidalgo County Courthouse.
Immediate income potential with five offices available for lease.
Meticulously remodeled building with recent upgrades to the roof, floors, and A/C units.
Ideal for legal professionals due to courthouse proximity.
Six parking spaces available, including paved driveway, off‑street, and on‑street parking.
Located downtown on a city road.

We can help!

Listing Contact

Coldwell Banker La Mansion

For Sale

$975,000

Prime office space with immediate income potential in Edinburg, TX.

Type:General Commercial

Property size:

4,198 SF

Price / SF:

$232/SF

Added:: Dec 31, 2024
Days on Market:: 530
Last Refresh:: May 13 at 8:25 pm

Property Features for 116 12th Avenue

General Information

Standard status: Active
Size: 4,198 SF
Property subtype: General Commercial

Building Details

Year Built: 1993

We can help!

Listing Contact

Coldwell Banker La Mansion

Listing agent Coldwell Banker La Mansion

Listing office

Listing date Dec 31, 2024

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker La Mansion

HighLights

Prime office space across from the newly remodeled Hidalgo County Courthouse.
Immediate income potential with five offices available for lease.
Meticulously remodeled building with recent upgrades to the roof, floors, and A/C units.
Ideal for legal professionals due to courthouse proximity.
Six parking spaces available, including paved driveway, off‑street, and on‑street parking.
Located downtown on a city road.

Overview

This is an office building available for sale, situated across from the Hidalgo County Courthouse. The remodeled building contains a total of 12 offices. Recent renovations include upgrades to the roof, floors, and A/C units, ensuring the property is in excellent condition. Five of the offices are currently available, providing immediate income potential. The property's proximity to the courthouse makes it suitable for legal professionals, potentially ensuring a steady stream of tenants. The property size is 4198 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$93.2k	$22.20
− Vacancy	−$13.0k	−$3.11
EGI	$80.1k	$19.09
− OpEx	−$20.0k	−$4.77
NOI	$60.1k	$14.32

4,198 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$858.7K

$751.4K – $1.00M (±1% cap)

NOI $60,111 @ 7.0% cap · market cap 6.17%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.09M

$953.1K – $1.27M (±1% cap)

NOI $76,249 @ 7.0% cap · market cap 7.82%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Edinburg
County: Hidalgo
State: Texas
Longitude: -98.1608252
Latitude: 26.3018206

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For sale
Office buildings
TX
Edinburg
78539
116 12th Avenue

What type of property is this?

Office building - Prime office space with immediate income potential in Edinburg, TX.

Where is this office building located?

The property is located at 116 12th Avenue Edinburg, TX.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Prime office space across from the newly remodeled Hidalgo County Courthouse.; Immediate income potential with five offices available for lease.; Meticulously remodeled building with recent upgrades to the roof, floors, and A/C units.