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    806-810 Expressway 83 Mission, TX 78572

    Sponsored
    For Sale
    $1,150,000

    High-Yield Restaurant & Retail Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully occupied commercial plaza in Mission, Texas, ideally situated on West Expressway 83 between Conway and Los Ebanos. The property boasts excellent visibility and frontage along the highway. The 23,838.21 square foot lot encompasses two buildings: a 2,419 square foot restaurant (Tacos La Silla, a 14-year tenant) and a 2,404 square foot retail strip with three suites occupied by the same two tenants for nine years. All leases are currently month-to-month, offering immediate potential for increased profitability through market-rate rent adjustments. Adding to the property's value is a 0.22-acre vacant lot currently used for additional parking. Built in 2009, this property presents a strong cash flow opportunity with significant upside potential for a savvy investor. The strategic location and existing tenant base make this a compelling investment in a thriving Texas market. The asking price is $1,150,000.

    Property Features for 806-810 Expressway 83

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    2009

    HighLights

    • Fully occupied commercial plaza in Mission, TX, on West Expressway 83.
    • 23,838.21 SF lot with two buildings: a 2,419 SF restaurant (14‑year tenant) and a 2,404 SF retail strip (nine‑year tenants).
    • All tenants on month‑to‑month leases, allowing for immediate rent increases.
    • Includes a 0.22‑acre vacant lot used for parking.
    • Built in 2009, asking price $1,150,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3364589
    Latitude
    26.2041959

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    FAQs

    What type of property is this?
    Restaurant - High-Yield Restaurant & Retail Investment
    Where is this restaurant located?
    The property is located at 806-810 Expressway 83 Mission, TX.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Fully occupied commercial plaza in Mission, TX, on West Expressway 83.; 23,838.21 SF lot with two buildings: a 2,419 SF restaurant (14-year tenant) and a 2,404 SF retail strip (nine-year tenants).; All tenants on month-to-month leases, allowing for immediate rent increases.
    Request Owner's contact information
    806-810 Expressway 83 Mission, TX 78572
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    Mission, TX 78572
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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
    806-810 Expressway 83 Mission, TX 78572
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