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    1700 Amigo Ave Alamo, TX 78516

    For Sale
    $365,000

    1-Acre Alamo property with two tenants. High rental potential.

    Property size:
    2,404 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 1.02-acre commercial property in Alamo, Texas, presents a lucrative investment opportunity. Located at 1700 Amigo Avenue, the property boasts convenient access from two roads: Amigo Drive and Tower Road. The property comprises two distinct income-generating components. A 2,404 square foot, four-bedroom, three-bathroom residential home occupies half an acre and is currently rented. The home includes an inside washer and dryer area. The remaining half-acre, accessed via Tower Road, is leased to an established used vehicle dealership. Detailed rental rolls are available upon request, demonstrating a consistent rental history with no periods of vacancy. Current rental income is below market value, presenting a significant opportunity to increase profitability through market-rate adjustments. The property features two separate electric meters, one for each tenant, ensuring efficient utility management. This property offers a unique blend of residential and commercial income streams, making it an ideal investment for those seeking a stable and potentially high-growth portfolio addition. The property's dual-road access and established tenancy make it a highly desirable asset in the Alamo market.

    Property Features for 1700 Amigo Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,404 SF
    Lot Size
    44,431 SF

    Building Details

    Year Built
    2005
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.10458
    Latitude
    26.22702

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    FAQs

    What type of property is this?
    Commercial real estate - 1-Acre Alamo property with two tenants. High rental potential.
    Where is this commercial real estate located?
    The property is located at 1700 Amigo Ave Alamo, TX.
    What is the asking price?
    The asking price for this property is $365,000.
    (956) 928-1155
    Request Owner's contact information
    1700 Amigo Ave Alamo, TX 78516
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    Alamo, TX 78516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1700 Amigo Ave Alamo, TX 78516
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