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    1104 Farragut St Laredo, TX 78040

    Sponsored
    For Sale
    $650,000

    Prime Laredo location, high foot traffic.

    Property size:
    5,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,250 square foot retail property, located at 1104 Farragut St, Laredo, TX 78040, presents a unique investment opportunity. Built in 1961, this two-story building sits on a 6,173 square foot lot and is zoned CBD, offering versatility for various retail uses including convenience stores, grocery stores, or as part of a shopping center. Currently operating as a successful retail business, the property benefits from high visibility and excellent foot traffic in the heart of downtown Laredo. Its strategic location near a new sheriff's station currently under construction further enhances its potential. The asking price is $650,000. This property represents a rare chance to acquire a piece of Laredo's downtown history with significant investment potential. The building's strong performance and prime location make it an attractive proposition for savvy investors seeking a high-return asset in a thriving Texas market. The property consists of one building and offers a substantial space for a variety of retail ventures. Don't miss this opportunity to own a piece of Laredo's vibrant commercial landscape.

    Property Features for 1104 Farragut St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,250 SF

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    2

    HighLights

    • 5,250 SF retail building at 1104 Farragut St, Laredo, TX 78040.
    • Two‑story building on a 6,173 SF lot, CBD zoning.
    • High visibility, excellent foot traffic in downtown Laredo.
    • Currently operating as a successful retail business.
    • Asking price: $650,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bona Store

    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
    -99.506822998466
    Latitude
    27.505691026667

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Laredo location, high foot traffic.
    Where is this lifestyle center located?
    The property is located at 1104 Farragut St Laredo, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 5,250 SF retail building at 1104 Farragut St, Laredo, TX 78040.; Two-story building on a 6,173 SF lot, CBD zoning.; High visibility, excellent foot traffic in downtown Laredo.
    Request Owner's contact information
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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
    1104 Farragut St Laredo, TX 78040
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