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    1700 Amigo Ave Alamo, TX 78516

    For Sale
    $379,000

    1-Acre Commercial Property, Two Tenants, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.022-acre commercial property in Alamo, Texas, presents a lucrative investment opportunity. Located at 1700 Amigo Avenue, 78516, this property boasts dual road access via Amigo Drive and Tower Road, maximizing its versatility and potential. The land is currently improved with two separate income-producing tenants. A 2404 square foot, four-bedroom, three-bathroom home occupies half an acre, featuring an in-unit washer and dryer. The remaining half-acre is leased to a used vehicle dealership. Detailed rent rolls are available upon request, demonstrating a consistent rental history with no periods of vacancy. Rents are poised for updates to reflect current market standards, promising increased future income. The property's two separate electric meters provide efficient utility management for each tenant. This property offers a unique blend of residential and commercial income streams, making it an ideal addition to any investment portfolio. The Hidalgo County location provides easy access to major transportation routes and a growing local economy. Don't miss this chance to acquire a well-established, income-generating property with significant upside potential.

    Property Features for 1700 Amigo Ave

    General Information

    Property type
    Retail properties
    Lot Size
    44,518 SF

    Building Details

    Year Built
    2005
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.104354
    Latitude
    26.226961

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    FAQs

    What type of property is this?
    Retail property - 1-Acre Commercial Property, Two Tenants, High ROI Potential
    Where is this retail property located?
    The property is located at 1700 Amigo Ave Alamo, TX.
    What is the asking price?
    The asking price for this property is $379,000.
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    1700 Amigo Ave Alamo, TX 78516
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    Alamo, TX 78516
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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
    1700 Amigo Ave Alamo, TX 78516
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