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    2908 Mile 5 Weslaco, TX 78596

    For Sale
    $1,155,000

    New 2023 Retail Land, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a brand-new, 2023-built retail plaza ideally located in Mission, Texas, at 2908 W Mile 5 Road N, zip code 78596. The property boasts a substantial 23,331.17 square foot lot, offering five open-concept retail units, each equipped with a single bathroom. The plaza's strategic location within a high-traffic intersection ensures excellent visibility and accessibility for businesses. Professionally landscaped grounds, complete with a convenient water sprinkler system, create an inviting and well-maintained environment. Ample parking is available to accommodate customers and enhance the tenant experience. This modern complex is perfect for a variety of retail or professional service businesses, providing a strong potential for passive income generation. The asking price for this turnkey retail property is $1,155,000. This represents a rare chance to acquire a newly constructed, high-visibility retail space in a thriving Texas market. The property is situated in Hidalgo County and offers immediate occupancy. Don't miss this opportunity to secure a prime retail investment.

    Property Features for 2908 Mile 5

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    2023

    HighLights

    • $1,155,000 asking price.
    • 23,331.17 sq ft lot.
    • 2023 construction.
    • Five open‑concept retail units, each with one bathroom.
    • High‑traffic location in Mission, TX, offering excellent visibility.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Hotel & Motel Kitchen & Bath Bar & Pub Bed & Breakfast Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0161358
    Latitude
    26.1259373

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    FAQs

    What type of property is this?
    Retail property - New 2023 Retail Land, High Traffic
    Where is this retail property located?
    The property is located at 2908 Mile 5 Weslaco, TX.
    What is the asking price?
    The asking price for this property is $1,155,000.
    What are key features of this property?
    This property features: $1,155,000 asking price.; 23,331.17 sq ft lot.; 2023 construction.
    Request Owner's contact information
    2908 Mile 5 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
    2908 Mile 5 Weslaco, TX 78596
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