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    503 Illinois Ave Weslaco, TX 78596

    Sponsored
    For Lease
    $18 SF/Yr

    Prime .48-acre lot, build-to-suit available.

    Lot size:
    2,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land parcel, located at 503 S Illinois Avenue in Weslaco, Texas, presents a unique investment opportunity. The property boasts a generous 20,999.84 square foot lot size (.48 acres), zoned B2, and features a single-tenant building with 2,750 square feet of space. The property's convenient location near Downtown Weslaco, at the corner of 5th Street and Illinois Avenue, ensures high visibility and accessibility. Ample parking is provided with 19 spaces. The property is currently available for lease at a competitive rate of $1.50 per square foot. A significant advantage is the availability of build-to-suit options, allowing prospective tenants to customize the space to perfectly match their specific business requirements. This flexibility makes the property ideal for a wide range of commercial ventures seeking to establish or expand their presence in the thriving Weslaco market. The APN is W230000044002000. This is a rare opportunity to secure a prime commercial location in a desirable area of Weslaco, Texas, offering both immediate occupancy and the potential for long-term growth.

    Property Features for 503 Illinois Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,750 SF

    Unit(s) available at that property

    Space
    Size
    2,750 SF
    Rate per SF
    $18

    HighLights

    • 20,999.84 SF (.48 acre) lot in Weslaco, TX.
    • B2 zoning.
    • 2,750 SF single‑tenant building.
    • High visibility corner location at 5th & Illinois Ave, near Downtown Weslaco.
    • 19 parking spaces.
    • $1.50/SF lease rate.
    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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.988336
    Latitude
    26.1569154

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      Versatile Commercial Space Available

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    FAQs

    What type of property is this?
    Land - Prime .48-acre lot, build-to-suit available.
    Where is this land located?
    The property is located at 503 Illinois Ave Weslaco, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 20,999.84 SF (.48 acre) lot in Weslaco, TX.; B2 zoning.; 2,750 SF single-tenant building.
    Request Owner's contact information
    503 Illinois Ave 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
    503 Illinois Ave Weslaco, TX 78596
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