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    1506 Tower Rd Edinburg, TX 78542

    For Sale
    $485,000

    Prime Edinburg location, 21,780 sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 21,780 square foot commercial land parcel, located at 1506 S Tower Road in Edinburg, Texas, 78542, presents a unique investment opportunity. Built in 2010, this property boasts a prime location with convenient access to Highway 107 and the planned new highway, ensuring high visibility and accessibility for businesses. Currently operating as a well-established auto mechanic shop with over 13 years of successful operation, this turnkey business offers immediate revenue potential. The existing clientele provides a built-in customer base, minimizing the initial start-up challenges for a new owner. The property's location within the thriving Edinburg and Delta area guarantees a strong market presence. This is an ideal opportunity for an entrepreneur seeking an established business with significant growth potential or for an investor looking for a stable, income-generating asset in a rapidly developing region of Hidalgo County, Texas. The asking price for this exceptional property is $485,000.

    Property Features for 1506 Tower Rd

    General Information

    Property type
    Land

    Building Details

    Year Built
    2010
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0944373
    Latitude
    26.27754

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    FAQs

    What type of property is this?
    Land - Prime Edinburg location, 21,780 sq ft lot.
    Where is this land located?
    The property is located at 1506 Tower Rd Edinburg, TX.
    What is the asking price?
    The asking price for this property is $485,000.
    Request Owner's contact information
    1506 Tower Rd Edinburg, TX 78542
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    Edinburg, TX 78542
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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
    1506 Tower Rd Edinburg, TX 78542
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