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    917 Farragut St Laredo, TX 78040

    Sponsored
    For Lease
    Contact for pricing

    Former bank, high traffic, 6,698 sqft

    Lot size:
    6,698 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,698-square-foot retail space presents a unique investment opportunity in Laredo, Texas. Previously a bank branch, this single-tenant property boasts a highly desirable infill location within a bustling commercial area of Webb County. The 0.36-acre lot ensures ample space for potential expansion or outdoor amenities. The building's prime position benefits from consistent daytime foot traffic and strong neighboring businesses, creating a robust and supportive commercial environment. The property's vacant status allows for immediate occupancy and customization to suit a wide range of retail ventures. Its central Laredo location offers easy access to major thoroughfares and a dense residential population, guaranteeing high visibility and potential customer reach. The property's former use as a bank suggests a solid foundation and potentially desirable structural features. This is an ideal opportunity for businesses seeking a well-situated, sizable retail space in a thriving Texas market. The address is 917 Farragut St, Laredo, TX 78040.

    Property Features for 917 Farragut St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,698 SF

    Unit(s) available at that property

    Space
    Available
    Size
    6,698 SF

    HighLights

    • 6,698 square feet on a 0.36‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Laredo
    County
    Webb
    State
    Texas
    Longitude
    -99.5053503
    Latitude
    27.5054598

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    FAQs

    What type of property is this?
    Retail property - Former bank, high traffic, 6,698 sqft
    Where is this retail property located?
    The property is located at 917 Farragut St Laredo, TX.
    What are key features of this property?
    This property features: 6,698 square feet on a 0.36-acre lot.; ;
    Request Owner's contact information
    917 Farragut St Laredo, TX 78040
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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
    917 Farragut St Laredo, TX 78040
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