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    505 Business 83 Weslaco, TX 78596

    Sponsored
    For Lease
    $7 SF/Yr

    Prime Weslaco Retail Space, High Traffic

    Lot size:
    62,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 505 Business 83 Street in Weslaco, Texas, 78596, presents a unique investment opportunity. The property encompasses 4.22 acres of land (APN: W380000000150701) and features a 33,000 square foot building, previously occupied by a furniture store. The building offers a versatile layout suitable for a variety of commercial uses, and includes a second-story area ideal for office space, potentially configured as a conference room, break room, file room, or employee lounge. The property boasts high visibility and significant foot traffic due to its prime location off Business 83, ensuring strong potential for customer engagement. With ample parking accommodating 165 vehicles, the property is well-equipped to handle a substantial customer base. The building is classified as a single-tenant property, offering a streamlined operational structure. This property represents a rare chance to establish a business in a thriving Weslaco market, benefiting from the area's robust commercial activity and convenient access. The total square footage of the land and building is 62,290 square feet. This is a turnkey opportunity for a business seeking a prominent location with substantial space and parking.

    Property Features for 505 Business 83

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    62,290 SF

    Unit(s) available at that property

    Space
    Size
    62,290 SF
    Rate per SF
    $7

    HighLights

    • 4.22‑acre commercial lot (APN: W380000000150701) in Weslaco, TX.
    • 33,000 SF building, previously a furniture store, adaptable for various uses.
    • Second‑story office space ideal for multiple configurations.
    • High visibility location on Business 83 with significant foot traffic.
    • Ample parking for 165 vehicles.
    • Single‑tenant building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Max Fine Furniture Furniture Store

    Suggested Use

    Law Firm Realty agency 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
    -97.985083
    Latitude
    26.1582584

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    Nearby Similar for Lease

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      Versatile Commercial Space Available

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    FAQs

    What type of property is this?
    Retail property - Prime Weslaco Retail Space, High Traffic
    Where is this retail property located?
    The property is located at 505 Business 83 Weslaco, TX.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 4.22-acre commercial lot (APN: W380000000150701) in Weslaco, TX.; 33,000 SF building, previously a furniture store, adaptable for various uses.; Second-story office space ideal for multiple configurations.
    Request Owner's contact information
    505 Business 83 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
    505 Business 83 Weslaco, TX 78596
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