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    923 Schunior St Edinburg, TX 78541

    For Sale
    $325,000

    Prime Edinburg location, restaurant & apartments.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property at 923 E Schunior Street, Edinburg, Texas, presents a unique investment opportunity. The property, built in 1970, sits on a substantial 12,001.216 square foot lot and offers a versatile mix of commercial and residential space. The ground floor currently houses a fully equipped restaurant, ready for immediate operation or customization to suit a new culinary concept. This turnkey restaurant space represents a significant advantage for prospective buyers looking to enter the food service industry quickly. Above the restaurant, the upper floors contain apartments, providing a reliable stream of rental income. The property also includes valuable storage space, ideal for restaurant supplies or additional rental units, further enhancing its income potential. Located in a high-traffic area of Edinburg, Texas, 78541, this property benefits from excellent visibility and accessibility. The asking price is $325,000. This property is classified as Land, Retail, and is zoned for Commercial, Restaurant, and Other uses. The property's size and diverse offerings make it an attractive investment for both seasoned investors and those seeking a profitable venture in a thriving Texas market. Don't miss this chance to acquire a property with significant upside potential.

    Property Features for 923 Schunior St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1970
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1515592
    Latitude
    26.3072858

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    FAQs

    What type of property is this?
    Restaurant - Prime Edinburg location, restaurant & apartments.
    Where is this restaurant located?
    The property is located at 923 Schunior St Edinburg, TX.
    What is the asking price?
    The asking price for this property is $325,000.
    Request Owner's contact information
    923 Schunior St Edinburg, TX 78541
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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
    923 Schunior St Edinburg, TX 78541
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