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    215 Texas Blvd Weslaco, TX 78596

    For Sale
    $489,000

    Historic building, mixed-use income

    Property size:
    3,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional, fully occupied mixed-use property in Weslaco, Texas, presents a unique investment opportunity. Located at 215 S Texas Blvd, this Class A, fee-simple building boasts 3,750 square feet on a 0.06-acre lot. The 2-story structure, renovated in 2020, features eight units: an event center, a separate hair salon space, and six vintage studio loft apartments, generating multiple income streams. The building benefits from 100% occupancy with six tenants under a gross lease. The asking price is $489,000 ($130.40/sq ft). Situated in the heart of historic downtown Weslaco, adjacent to the iconic El Tinaco water tower, this property enjoys high visibility on Texas Blvd, a major arterial roadway, with excellent frontage. The permitted commercial zoning and strong local growth in both residential and commercial sectors make this a compelling investment for owner-users or investors seeking a blend of history and high return. The building's prime location offers easy access to major downtown landmarks and high traffic counts on Texas Boulevard (14,815 VPD) and Business Highway 83 (15,563 VPD). This is a rare chance to acquire a piece of Weslaco's rich history and capitalize on its vibrant future.

    Property Features for 215 Texas Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,750 SF
    Class
    A
    Lot Size
    2,614 SF

    Building Details

    Year Renovated
    2020
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • Historic Downtown Weslaco Building
    • High‑visibility frontage on Texas Blvd, Weslaco's main thoroughfare (14,815 VPD)
    • Recently renovated
    • Multiple income streams: event center, hair salon, and six studio apartments
    • Excellent location near major downtown landmarks and Business Highway 83 (15,563 VPD).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Renatta's Event Center Event Venue Ultimate Do Spa ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9904635
    Latitude
    26.1610138

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, mixed-use income
    Where is this individual retail property located?
    The property is located at 215 Texas Blvd Weslaco, TX.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: Historic Downtown Weslaco Building; High-visibility frontage on Texas Blvd, Weslaco's main thoroughfare (14,815 VPD); Recently renovated
    Request Owner's contact information
    215 Texas Blvd 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
    215 Texas Blvd Weslaco, TX 78596
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