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    122 Van Week St Edinburg, TX 78541

    For Sale
    $395,000

    Prime Edinburg location, stable income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a 14,200.996 square foot commercial property located at 122 E Van Week Street, Edinburg, Texas, 78541. The property, built in 1992, is comprised of both land and office space, offering a versatile investment potential. Currently, the property boasts a long-term tenant with a rental history exceeding 20 years, providing a consistent and reliable income stream. The asking price is $395,000. This property's strategic location places it just a short distance from the recently renovated Hidalgo County Courthouse, ensuring high visibility and accessibility. The property's strong history of tenancy and its proximity to a significant county landmark make it an attractive proposition for investors seeking a stable, income-generating asset in a thriving Texas market. The property's classification as both land and office space allows for a variety of potential uses and future development options. This is a motivated seller situation, presenting a unique chance to acquire a well-established commercial property in a desirable location. Detailed financial information is available upon request. The property is situated in Hidalgo County, offering access to a robust local economy and infrastructure.

    Property Features for 122 Van Week St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1992
    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 Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1605086
    Latitude
    26.3067915

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    FAQs

    What type of property is this?
    Office Property Space - Prime Edinburg location, stable income.
    Where is this office property space located?
    The property is located at 122 Van Week St Edinburg, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    Request Owner's contact information
    122 Van Week St Edinburg, TX 78541
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    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
    122 Van Week St Edinburg, TX 78541
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