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    317 Magnolia Ave La Feria, TX 78559

    For Lease
    $12 SF/Yr

    Prime 1.456-acre lot, flexible layout.

    Lot size:
    16,097 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.456-acre commercial land parcel, encompassing a former church building at 317 W Magnolia Avenue in La Feria, presents a unique investment prospect. The property boasts a substantial 16,097 square feet of interior space, offering significant flexibility for diverse commercial ventures. Its single-tenant configuration simplifies occupancy and management. The lot's size provides ample room for expansion or additional development, catering to a range of business needs. The convenient location on West Magnolia Avenue ensures high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in La Feria. The property's APN is 2900000140001000/2900000140002000. While parking spaces are not currently available on-site, the ample lot size allows for potential future development to accommodate parking needs. This property is ideal for entrepreneurs and businesses seeking a versatile space with significant potential for growth and customization. The existing structure, previously used as a church, provides a solid foundation for adaptive reuse, offering a unique character and history. This is a rare opportunity to acquire a substantial commercial property in a desirable location.

    Property Features for 317 Magnolia Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,097 SF

    Unit(s) available at that property

    Space
    Size
    16,097 SF
    Rate per SF
    $12

    HighLights

    • 1.456‑acre commercial land parcel.
    • Single‑tenant property.
    • 16,097 square foot building.
    • Located at 317 W Magnolia Avenue, La Feria.
    • APN: 2900000140001000/2900000140002000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    La Feria
    County
    Cameron
    State
    Texas
    Longitude
    -97.8266949
    Latitude
    26.1557816

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    FAQs

    What type of property is this?
    Land - Prime 1.456-acre lot, flexible layout.
    Where is this land located?
    The property is located at 317 Magnolia Ave La Feria, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 1.456-acre commercial land parcel.; Single-tenant property.; 16,097 square foot building.
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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
    317 Magnolia Ave La Feria, TX 78559
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