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    Downstairs Retail Unit Title is generated by Realmo AI

    506 S Closner Blvd, Edinburg, TX 78539

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    For Sale
    $299,000

    Downstairs unit within a multi-tenant retail complex, currently operating on a month-to-month lease.

    Property size:
    2,000 SF
    Price / SF:
    $149/SF
    Added:
    Sep 4, 2025
    Days on Market:
    295
    Last Refresh:
    Jun 24 at 4:59 am

    Property Features for 506 S Closner Blvd

    General Information

    Standard status
    Active
    Size
    2,000 SF

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    J.C. Lowe
    J.C. Lowe

    Listing office Signature Properties

    Listing date Sep 4, 2025

    Source Exprealty

    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 Signature Properties

    HighLights

    • Downstairs unit within a multi‑tenant retail complex
    • Complex has 3 total units: 1 downstairs unit and 2 second‑floor units
    • Unit is currently on a month‑to‑month lease

    Overview

    This offering is for the downstairs retail unit within a complex that contains three total units. The two remaining units are located on the second floor, creating a two-level retail arrangement. The unit is currently leased on a month-to-month basis.

    The property is located at 506 S Closner Blvd in Edinburg, Texas. As part of a small, multi-unit complex, the space is positioned to serve retail operations that benefit from direct street-level access associated with ground-floor tenancy.

    For buyers or tenant-users, the month-to-month lease provides flexibility around timing and occupancy planning. This unit configuration can also fit brands or operators looking for a dedicated storefront within a compact building that separates ground-floor and second-floor uses across three tenants.

    Local 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 $34.8k $17.40
    − Vacancy −$3.0k −$1.48
    EGI $31.8k $15.92
    − OpEx −$9.6k −$4.78
    NOI $22.3k $11.14
    2,000 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $318.4K
    $278.6K – $371.5K (±1% cap)
    NOI $22,289 @ 7.0% cap · market cap 7.45%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $518.9K
    $454.1K – $605.4K (±1% cap)
    NOI $36,326 @ 7.0% cap · market cap 12.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Eden Garden Flower Shop — 3324 S Business Hwy 281, Edinburg, TX 78539

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1628102
    Latitude
    26.2968761

    FAQs

    What type of property is this?
    Storefront property - Downstairs unit within a multi-tenant retail complex, currently operating on a month-to-month lease.
    Where is this storefront property located?
    The property is located at 506 S Closner Blvd Edinburg, TX.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Downstairs unit within a multi‑tenant retail complex; Complex has 3 total units: 1 downstairs unit and 2 second‑floor units; Unit is currently on a month‑to‑month lease
    More about this property
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