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    11054 Conway Ave Mission, TX 78573

    For Sale
    $1,960,000

    2.25 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.25-acre commercial land parcel in Mission, Texas, presents a unique investment opportunity. Located at the northeast corner of State Highway 107 and Conway Avenue in the highly sought-after North Corridor district, this property boasts significant development potential. Currently subdivided into three parcels, simplifying future development plans, the site offers immediate income generation potential. Three existing residential homes on the property are in good, livable condition and can provide rental income while long-term development plans are underway. Envision a mixed-use plaza or a large apartment complex on this strategically positioned land. The property's location at a major intersection provides excellent visibility and accessibility. The site is situated on a one-acre corner lot, which is also available for separate purchase, offering flexibility for investors. While all utilities are nearby, potential buyers are advised to confirm availability with the City of Alton. This property offers a rare blend of immediate income and substantial long-term growth potential in a rapidly developing area. Built in 1980, this land presents a chance to capitalize on the vibrant growth of Mission, Texas. The property's strategic location and existing infrastructure make it an ideal choice for a variety of commercial ventures. Don't miss this opportunity to acquire a prime piece of commercial real estate in a thriving Texas market.

    Property Features for 11054 Conway Ave

    General Information

    Property type
    Land
    Lot Size
    98,010 SF

    Building Details

    Year Built
    1980

    HighLights

    • $1,960,000 asking price.
    • 2.25‑acre commercial land parcel in Mission, TX.
    • Located at the northeast corner of State Highway 107 and Conway Avenue.
    • Includes three existing residential homes generating rental income potential.
    • Zoned for mixed‑use development.
    • Utilities nearby (buyer to verify).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Wholesale Shop Auto Repair Shop Accounting Firm Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3077422
    Latitude
    26.3164462

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    FAQs

    What type of property is this?
    Land - 2.25 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at 11054 Conway Ave Mission, TX.
    What is the asking price?
    The asking price for this property is $1,960,000.
    What are key features of this property?
    This property features: $1,960,000 asking price.; 2.25-acre commercial land parcel in Mission, TX.; Located at the northeast corner of State Highway 107 and Conway Avenue.
    (956) 631-1322
    Request Owner's contact information
    11054 Conway Ave Mission, TX 78573
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    Mission, TX 78573
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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
    11054 Conway Ave Mission, TX 78573
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