Downtown Storefront
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For Sale
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1120 N Conway Avenue, Mission, TX 78572
Built in 1979, the commercial space is situated along Conway Avenue in Downtown Mission.
Property Size3,581 SF
Price / SF$1.25
Days on Market2
Property Features for 1120 N Conway Avenue
General Information
Standard status
Active
Size
3,581 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1979
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:55PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This 3,581-square-foot storefront property was built in 1979 and is located on North Conway Avenue in Downtown Mission, Texas. The commercial space is positioned among local retailers, restaurants, professional offices, and community attractions.
The Conway Avenue setting is described as serving pedestrian and vehicle traffic, with access to the established downtown business district. The property is classified as a storefront asset.
The Conway Avenue setting is described as serving pedestrian and vehicle traffic, with access to the established downtown business district. The property is classified as a storefront asset.
Key Highlights
- 3,581‑square‑foot storefront property
- Located at 1120 N Conway Avenue in Downtown Mission, Texas
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,351
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,020
$967.0K
Cap Rate 7%
$690,729
$690.7K
Cap Rate 9%
$537,233
$537.2K
Market Conditions
NOI Build-Up for 3,581 SF
Gross rent
$73.5K $20.52/SF
− Vacancy
−$4.4K −$1.23/SF
EGI
$69.1K $19.29/SF
− OpEx
−$20.7K −$5.79/SF
NOI
$48.4K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,020
Cap Rate 7%
$690,729
Cap Rate 9%
$537,233
Alternative Uses
Best Use
Retail
$690.7K
$604.4K – $805.9K
NOI $48,351 @ 7.0% cap · market cap 1,080.23%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.70M
$2.36M – $3.15M
NOI $188,808 @ 7.0% cap · market cap 4,218.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78572, TX
78,280
Population
32,696
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
75%
High-School Grad
53.7 sq mi
ZIP Area
1,458
Density / Sq Mi
$54,029
Median Household Income
$30,004
Median Earnings
$900
Median Rent
$121,900
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Angel's Creation — Mission, TX 78572
- Ideal Flower Shop & Wholesale. — 2002 N Conway Ave A, Mission, TX 78572
- I Love Flowers — 713 E Griffin Pkwy, Mission, TX 78572
- the red rose floreria — 2303 E Palm Cir, Mission, TX 78574
Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1979, the commercial space is situated along Conway Avenue in Downtown Mission.
Where is this storefront property located?
The property is located at 1120 N Conway Avenue Mission, TX.
What are key features of this property?
This property features: 3,581‑square‑foot storefront property; Located at 1120 N Conway Avenue in Downtown Mission, Texas; Built in 1979
