702 Hi Line Rd Hidalgo, TX 78557
- Commercial real estate
- 4,776 SF
- 1.75 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 702 Hi Line Rd
- Year built
- 2017
- Lot size
- 1.75 lot acres
- Property size
- 4,776 SF
- Property type
- Commercial real estate
Description
This exceptional 4,776 square foot commercial building, constructed in 2017, presents a remarkable investment opportunity in Hidalgo, Texas. Situated on a highly visible 1.75-acre corner lot with a four-way stoplight, this property boasts excellent accessibility and high traffic visibility. The building's strategic location is further enhanced by its proximity to schools and a dense residential area, ensuring a substantial customer base. The property currently includes over 50 parking spaces, providing ample room for customers and employees. A significant advantage is the existing operational restaurant, currently operating at full capacity, offering immediate income potential. The sale includes the option to acquire the restaurant's equipment and furniture separately. Furthermore, the property features several small, month-to-month rental units, generating additional revenue streams. The existing structure offers significant expansion potential. Architectural plans are available for adding substantial square footage to the west side of the building, creating a plaza area and further increasing the property's value and income-generating capacity. This property is ideal for an investor seeking a strong return on investment with immediate income and significant future growth potential. The combination of a thriving restaurant, additional rental income, and expansion possibilities makes this a truly unique opportunity in the Hidalgo market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hidalgo
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2238
- Latitude
- 26.105
