Mixed-Use Property with Excess
For Sale
$1,400,000
2602 North Texas Boulevard, Weslaco, TX 78599
Signalized commercial-corridor site with existing commercial and residential improvements plus flexible B-2 zoning.
Property Size9,035 SF
Days on Market50
Property Features for 2602 North Texas Boulevard
General Information
Standard status
Active
Size
9,035 SF
Property subtype
Other
Building Details
Building Size
9,035 SF
Year Built
1983
Listing Agency:
SVN | Hanna Solutions Commercial Real Estate
Listed By:
Mark Hanna, CCIM
(956) 821-8001
Source:
Commercialcafe
Added: Sep 5
Changed: Oct 12
Last Checked: Oct 24 at 1:57PM
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 SVN | Hanna Solutions Commercial Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property occupies 2.31 acres at the signalized intersection of N. Texas Boulevard and Sugarcane Road in Weslaco. Existing improvements include a 6,420-square-foot commercial building and a 2,615-square-foot residential structure, creating a combination of business and residential space on one site. The property was built in 1983 and is zoned B-2, with permitted uses under both B-1 and B-2 classifications.
Located at 2602 North Texas Boulevard, the site is less than one mile from Interstate 2, also identified as US Expressway 83. Its position along a primary commercial corridor provides access to traffic serving north Weslaco and south Elsa. Nearby national retailers include Walmart, Academy, JCPenney, and Dollar Tree. In addition to the existing buildings, the property includes excess land that may support a separate pad-site disposition or future redevelopment, subject to applicable approvals.
Located at 2602 North Texas Boulevard, the site is less than one mile from Interstate 2, also identified as US Expressway 83. Its position along a primary commercial corridor provides access to traffic serving north Weslaco and south Elsa. Nearby national retailers include Walmart, Academy, JCPenney, and Dollar Tree. In addition to the existing buildings, the property includes excess land that may support a separate pad-site disposition or future redevelopment, subject to applicable approvals.
Key Highlights
- 2.31‑acre mixed‑use property at 2602 North Texas Boulevard, Weslaco, TX 78599
- 6,420 SF commercial building plus 2,615 SF residential structure
- Signalized corner of N. Texas Boulevard and Sugarcane Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,479
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,829,580
$1.8M
Cap Rate 7%
$1,306,843
$1.3M
Cap Rate 9%
$1,016,433
$1.0M
Market Conditions
NOI Build-Up for 9,035 SF
Gross rent
$162.6K $18.00/SF
− Vacancy
−$16.3K −$1.80/SF
EGI
$146.4K $16.20/SF
− OpEx
−$54.9K −$6.07/SF
NOI
$91.5K $10.13/SF
Area
Hidalgo County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,829,580
Cap Rate 7%
$1,306,843
Cap Rate 9%
$1,016,433
Alternative Uses
Best Use
Mixed Use
$1.31M
$1.14M – $1.52M
NOI $91,479 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$6.81M
$5.95M – $7.94M
NOI $476,370 @ 7.0% cap · market cap 34.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 78599, TX
32,500
Population
9,945
Households
3.3
Avg Household Size
29
Median Age
16%
College-Educated
67%
High-School Grad
26.5 sq mi
ZIP Area
1,226
Density / Sq Mi
$55,939
Median Household Income
$27,841
Median Earnings
$954
Median Rent
$113,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Signalized commercial-corridor site with existing commercial and residential improvements plus flexible B-2 zoning.
Where is this mixed-use property located?
The property is located at 2602 North Texas Boulevard Weslaco, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2.31‑acre mixed‑use property at 2602 North Texas Boulevard, Weslaco, TX 78599; 6,420 SF commercial building plus 2,615 SF residential structure; Signalized corner of N. Texas Boulevard and Sugarcane Road
