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Commercial Building Near Interstate Highway

1420 Interstate 2 Highway, Weslaco, TX 78596

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For Sale

$1,500,000

Commercial block/stucco building with easy highway access and ample parking.

Type:General Commercial

Property size:

7,348 SF

Price / SF:

$204/SF

HighLights

Excellent location with easy access to Interstate Highway 2 via expressway and Pike Boulevard.
Solid block/stucco construction with durable metal roof rafters and trusses.
Ample parking with 29 spaces and paved driveway.
Suitable for various uses including medical clinic, doctor's offices, or investment property.
Handicapped access and extra storage available.
Large pole and monument signs for high visibility.

We can help!

Listing Contact

Medina Real Estate

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For Sale

$1,500,000

Commercial block/stucco building with easy highway access and ample parking.

Type:General Commercial

Property size:

7,348 SF

Price / SF:

$204/SF

Added:: Oct 6, 2024
Days on Market:: 611
Last Refresh:: May 13 at 8:34 pm

Property Features for 1420 Interstate 2 Highway

General Information

Standard status: Active
Size: 7,348 SF
Property subtype: General Commercial

Building Details

Year Built: 1993

We can help!

Listing Contact

Medina Real Estate

Listing agent Medina Real Estate

Listing office

Listing date Oct 6, 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 Medina Real Estate

HighLights

Excellent location with easy access to Interstate Highway 2 via expressway and Pike Boulevard.
Solid block/stucco construction with durable metal roof rafters and trusses.
Ample parking with 29 spaces and paved driveway.
Suitable for various uses including medical clinic, doctor's offices, or investment property.
Handicapped access and extra storage available.
Large pole and monument signs for high visibility.

Overview

This commercial block and stucco building features metal roof rafters and trusses. Situated along Interstate Highway 2, it offers convenient access via the expressway and Pike Boulevard. The property provides ample parking and storage space. Currently used as real estate offices by the seller, a real estate broker/owner, the building presents various possibilities, including use as a medical clinic, doctor's offices, or an investment location. Large pole and monument signs are present. The seller is open to remaining as a tenant for a year, subject to mutual agreement. The building's size is 7,348 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$225.7k	$30.72
− Vacancy	−$61.9k	−$8.42
EGI	$163.9k	$22.30
− OpEx	−$41.0k	−$5.58
NOI	$122.9k	$16.73

7,348 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $122,910 @ 7.0% cap · market cap 8.19%

Second Best

Healthcare Medical

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,723 @ 7.0% cap · market cap 7.25%

Theoretical Best

Hotel Hospitality

$5.53M

$4.84M – $6.46M (±1% cap)

NOI $387,423 @ 7.0% cap · market cap 25.83%

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

Location Intelligence

Current Use by Public Records

Medical Office Space

Similar Places Nearby

Petco Vaccination Clinic — 821 E Expressway 83, Weslaco, TX 78596

Map

City: Weslaco
County: Hidalgo
State: Texas
Longitude: -97.9943
Latitude: 26.1701

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For sale
Medical Office Space
TX
Weslaco
78596
1420 Interstate 2 Highway

What type of property is this?

Medical Office Space - Commercial block/stucco building with easy highway access and ample parking.

Where is this medical office space located?

The property is located at 1420 Interstate 2 Highway Weslaco, TX.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Excellent location with easy access to Interstate Highway 2 via expressway and Pike Boulevard.; Solid block/stucco construction with durable metal roof rafters and trusses.; Ample parking with 29 spaces and paved driveway.