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    117 Fm 1015 Weslaco, TX 78596

    For Sale
    $1,300,000

    1.8-acre commercial lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.8-acre commercial land parcel presents a compelling investment opportunity in Weslaco, Texas. Strategically located on FM 1015, a major arterial roadway connecting the US-Mexico bridge to Highway 107, this property boasts unparalleled visibility and accessibility. The site enjoys a daily traffic count exceeding 24,000 vehicles along its frontage, with the intersection itself seeing nearly 127,695 vehicles per day. Its prime location is further enhanced by its proximity to established businesses, including quick-service restaurants, convenience stores, and other restaurants. The property is directly adjacent to a large tract of land suitable for significant commercial development, ensuring future growth and potential for synergy. Excellent visibility from Expressway 83 (I-2) adds to its appeal. The surrounding area is experiencing substantial residential development, guaranteeing a consistent and expanding consumer base. This thriving commercial hub in the mid-valley offers an exceptional chance to own a piece of one of the region's fastest-growing trade areas. The asking price for this high-traffic, high-visibility lot is $1,300,000. The property is zoned for commercial use and is ready for immediate development. This is a rare opportunity to acquire a strategically located commercial lot in a rapidly expanding market.

    Property Features for 117 Fm 1015

    General Information

    Property type
    Land
    Lot Size
    78,408 SF

    HighLights

    • 1.8‑acre commercial land parcel in Weslaco, TX, priced at $1,300,000.
    • High‑traffic location on FM 1015, boasting over 24,000 vehicles daily, with nearby intersection traffic exceeding 127,695 vehicles per day.
    • Excellent visibility from Expressway 83 (I‑2) and proximity to established businesses.
    • Zoned for commercial use and ready for immediate development.
    • Adjacent to a large tract of land suitable for significant commercial development, situated in a rapidly growing residential area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Clothing Store Auto Repair Shop Wholesale Shop Auto Parts Store Department Store Discount Store Furniture Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.991986
    Latitude
    26.1385465

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    FAQs

    What type of property is this?
    Land - 1.8-acre commercial lot, high traffic area.
    Where is this land located?
    The property is located at 117 Fm 1015 Weslaco, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 1.8-acre commercial land parcel in Weslaco, TX, priced at $1,300,000.; High-traffic location on FM 1015, boasting over 24,000 vehicles daily, with nearby intersection traffic exceeding 127,695 vehicles per day.; Excellent visibility from Expressway 83 (I-2) and proximity to established businesses.
    (956) 631-1322
    Request Owner's contact information
    117 Fm 1015 Weslaco, TX 78596
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    Weslaco, TX 78596
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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
    117 Fm 1015 Weslaco, TX 78596
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