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    1657 University Dr Edinburg, TX 78539

    For Lease
    $32 SF/Yr

    High-traffic retail spaces near UTRGV

    Lot size:
    1,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Plaza Center offers exceptional retail and office opportunities directly across from the University of Texas Rio Grande Valley. This multi-tenant shopping center boasts high visibility and accessibility from University Drive, benefiting from significant student foot traffic. The property features a total of 60 parking spaces, ensuring ample convenience for customers and employees. Currently, two spaces are available, ranging from 780 to 1,000 square feet. These spaces are located within a single building suite in a well-established center with a strong tenant mix. The property's former restaurant space presents a unique opportunity for a variety of businesses. The center enjoys a prime location, shadow-anchored by a Walmart Super Center, further enhancing its appeal and drawing a consistent flow of customers. The property's APN is W360003000000900. This is an ideal location for businesses seeking high visibility and a strong customer base in a vibrant university setting. The property is zoned for retail, office, and restaurant uses, offering flexibility for potential tenants. The available spaces are ready for immediate occupancy, providing a quick path to establishing a successful business in a high-demand area.

    Property Features for 1657 University Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,780 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    780 SF
    Rate per SF
    $34
    Space
    1633
    Size
    1,000 SF
    Rate per SF
    $32

    HighLights

    • Retail, office, and restaurant space available in a multi‑tenant shopping center.
    • Two available spaces ranging from 780 to 1,000 square feet.
    • Located directly across from the University of Texas Rio Grande Valley, offering high foot traffic.
    • Excellent visibility and accessibility from University Drive.
    • 60 total parking spaces available.
    • Property features a strong tenant mix and is shadow‑anchored by a Walmart Supercenter.
    Property Profile Insight Report 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
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.179527741411
    Latitude
    26.304045085552

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail spaces near UTRGV
    Where is this restaurant located?
    The property is located at 1657 University Dr Edinburg, TX.
    What is the lease rate?
    The lease rate is $32-$34 SF/Yr.
    What are key features of this property?
    This property features: Retail, office, and restaurant space available in a multi-tenant shopping center.; Two available spaces ranging from 780 to 1,000 square feet.; Located directly across from the University of Texas Rio Grande Valley, offering high foot traffic.
    Request Owner's contact information
    1657 University Dr Edinburg, TX 78539
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    Edinburg, TX 78539
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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
    1657 University Dr Edinburg, TX 78539
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