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    116 12Th Ave Edinburg, TX 78539

    For Sale
    $980,000

    Prime Office Space, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a meticulously remodeled 12-office building situated on a 6,899.904 sq ft lot at 116 12th Avenue, Edinburg, TX 78539. Built in 1993 and conveniently located across from the newly remodeled Hidalgo County Courthouse, this property offers immediate income potential. Five of the twelve offices are currently available for lease, ensuring a steady revenue stream. Recent renovations include a new roof, updated flooring, and upgraded A/C units, ensuring the building is in excellent condition. The modern features and prime location make this property ideal for legal professionals and other businesses seeking office space in a high-demand area. The property's strategic location and recent upgrades position it for strong long-term returns, making it an attractive addition to any investment portfolio. This commercial property offers a unique blend of immediate income and future growth potential in the thriving Edinburg market. The property's size and location make it an excellent choice for investors seeking a stable and profitable investment in the Texas commercial real estate market. The building's modern amenities and convenient proximity to the courthouse ensure a high demand for its office spaces.

    Property Features for 116 12Th Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1993

    HighLights

    • $980,000 asking price.
    • 6,899 sq ft lot, land and office property.
    • 12‑office building, 1993 construction, located in Edinburg, TX.
    • Five offices currently available for lease, generating immediate income.
    • Recently renovated with roof, flooring, and AC upgrades.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1611234
    Latitude
    26.3003932

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, High ROI Potential
    Where is this office property / space located?
    The property is located at 116 12Th Ave Edinburg, TX.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: $980,000 asking price.; 6,899 sq ft lot, land and office property.; 12-office building, 1993 construction, located in Edinburg, TX.
    Request Owner's contact information
    116 12Th Ave Edinburg, TX 78539
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    Edinburg, TX 78539
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 12Th Ave Edinburg, TX 78539
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