Commercial Building Near Interstate Highway

1420 E Interstate Hwy 2, Weslaco, TX 78596

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For Sale

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Commercial block/stucco building with metal roof, easy highway access.

Type:Office

Property size:

7,348 SF

Price / SF:

$204/SF

HighLights

Excellent location with easy access to Interstate Highway 2 via expressway and Pike Boulevard.
Solid block/stucco construction with metal roof rafters and trusses.
Ample parking and storage space.
Suitable for various uses, including medical clinic, doctor's offices, or investment property.
Large pole and monument signs for high visibility.
Potential for seller to remain as tenant for one year.

We can help!

Listing Contact

Jose Luis Garcia

Learn more

For Sale

Contact for pricing

Commercial block/stucco building with metal roof, easy highway access.

Type:Office

Property size:

7,348 SF

Price / SF:

$204/SF

Added:: Oct 8, 2024
Days on Market:: 616
Last Refresh:: May 12 at 9:11 pm

Property Features for 1420 E Interstate Hwy 2

General Information

Standard status: Active
Size: 7,348 SF
Property subtype: Office

Building Details

Year Built: 1993

We can help!

Listing Contact

Jose Luis Garcia

Listing agent Jose Luis Garcia License #TREC # 0519734

Listing office Medina Real Estate

Listing date Oct 8, 2024

Source Crexi

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 Medina Real Estate

HighLights

Excellent location with easy access to Interstate Highway 2 via expressway and Pike Boulevard.
Solid block/stucco construction with metal roof rafters and trusses.
Ample parking and storage space.
Suitable for various uses, including medical clinic, doctor's offices, or investment property.
Large pole and monument signs for high visibility.
Potential for seller to remain as tenant for one year.

Overview

This commercial building features solid block and stucco construction with metal roof rafters and trusses. Situated along Interstate Highway 2, it offers convenient access via the expressway and Pike Boulevard. Ample parking and storage space are available. The property is suitable for various uses, including a medical clinic, doctor's offices, or as an investment location. Currently, the seller, a real estate broker/owner, uses the 7,348 square foot building as real estate offices. Large pole and monument signs are present. The seller is open to remaining as a tenant for a year, subject to mutual agreement.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$225.7k	$30.72
− Vacancy	−$61.9k	−$8.42
EGI	$163.9k	$22.30
− OpEx	−$41.0k	−$5.58
NOI	$122.9k	$16.73

7,348 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $122,910 @ 7.0% cap · market cap 8.19%

Second Best

Healthcare Medical

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,723 @ 7.0% cap · market cap 7.25%

Theoretical Best

Hotel Hospitality

$5.53M

$4.84M – $6.46M (±1% cap)

NOI $387,423 @ 7.0% cap · market cap 25.83%

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

Location Intelligence

Current Use by Public Records

Medical Office Space

Similar Places Nearby

Petco Vaccination Clinic — 821 E Expressway 83, Weslaco, TX 78596

Map

City: Weslaco
County: Hidalgo
State: Texas
Longitude: -97.9943
Latitude: 26.1701

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For sale
Medical Office Space
TX
Weslaco
78596
1420 E Interstate Hwy 2

What type of property is this?

Medical Office Space - Commercial block/stucco building with metal roof, easy highway access.

Where is this medical office space located?

The property is located at 1420 E Interstate Hwy 2 Weslaco, TX.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Excellent location with easy access to Interstate Highway 2 via expressway and Pike Boulevard.; Solid block/stucco construction with metal roof rafters and trusses.; Ample parking and storage space.