Hard Corner Retail Development
New
For Sale
$799,900
1328 N Closner Boulevard, Edinburg, TX 78541
Hard corner lot at a southeast intersection, located 1.3 miles from Downtown Edinburg, TX.
Property Size6,483 SF
Lot Size0.91 Acres
Price / SF$123.38
Days on Market5
Property Features for 1328 N Closner Boulevard
General Information
Standard status
Active
Size
6,483 SF
Lot size
0.91 Acres
Building Details
Year Built
1982
Listing Agency:
Coldwell Banker La Mansion
(951) 367-7025
Listed By:
Robert Bruno Macias
Source:
Aregtx
Added: Jul 26
Changed: Jul 28
Last Checked: Jul 29 at 9:04AM
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
Investment Insights
Based on property information with market context.
This hard corner lot offers 0.91 acres of development opportunity at the southeast intersection of N Closner Blvd and E Chapin St. The property is positioned for retail plaza development or value-add redevelopment, depending on the buyer’s plans.
The site is located approximately 1.3 miles from Downtown Edinburg. Its corner positioning provides a practical foundation for prospective retail layouts where visibility and access at an intersection are important considerations.
The offering is for sale as a land parcel at 1328 N Closner Boulevard, Edinburg, TX 78541.
The site is located approximately 1.3 miles from Downtown Edinburg. Its corner positioning provides a practical foundation for prospective retail layouts where visibility and access at an intersection are important considerations.
The offering is for sale as a land parcel at 1328 N Closner Boulevard, Edinburg, TX 78541.
Key Highlights
- 0.91‑acre hard corner lot at the southeast intersection of N Closner Blvd and E Chapin St
- Located about 1.3 miles from Downtown Edinburg, TX
- Year built listed as 1982
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.8k | $17.40 |
| − Vacancy | −$9.6k | −$1.48 |
| EGI | $103.2k | $15.92 |
| − OpEx | −$31.0k | −$4.78 |
| NOI | $72.3k | $11.14 |
6,483 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$903.1K – $1.20M
NOI $72,251 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,752 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Hard corner lot at a southeast intersection, located 1.3 miles from Downtown Edinburg, TX.
Where is this commercial land located?
The property is located at 1328 N Closner Boulevard Edinburg, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 0.91‑acre hard corner lot at the southeast intersection of N Closner Blvd and E Chapin St; Located about 1.3 miles from Downtown Edinburg, TX; Year built listed as 1982
