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Property profile & analytics
FOR SALE
Commercial real estate

389 Hidalgo Ave Raymondville, TX 78580

6,325 SF 0.34 ac lot Built 1930
Individually Owned Free & Clear
Property ID
US82-6007997
Property summary
AI-generated overview

This exceptional commercial investment opportunity in Raymondville, Texas, presents a rare chance to acquire a thriving, multi-tenant property generating consistent rental income. Located on a 0.33-acre lot encompassing four city lots at 389 W Hidalgo Avenue, this property boasts unparalleled visibility directly off the city's main thoroughfare and offers convenient access to Interstate 69E. The property comprises three fully leased buildings: two retail spaces and a church, all contributing to a stable and predictable income stream. Adding to its appeal, a fourth lot houses a currently leased water mill, providing an additional revenue source. The total square footage of the buildings is 6,325 square feet. This strategic location near major transportation arteries ensures high traffic counts and excellent exposure for all tenants. The diverse tenant mix offers both stability and potential for future growth, making this property an attractive proposition for both experienced investors and those looking to diversify their holdings. This is a turnkey investment ready to generate immediate returns. The asking price is $210,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Total area 6,325 SF
Lot 0.34 ac (14,610 SF)
APN 13895
UPID US82-6007997
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Texan Credit Corporation Loan Service
  • Harding Foundation Inc Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
GLENN W HARDING
GLENN W HARDING
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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