503 Illinois Ave Weslaco, TX 78596
This exceptional commercial land parcel, located at 503 S Illinois Avenue in Weslaco, Texas, presents a unique investment opportunity. The property boasts a generous 20,999.84 square foot lot size (.48 acres), zoned B2, and features a single-tenant building with 2,750 square feet of space. The property's convenient location near Downtown Weslaco, at the corner of 5th Street and Illinois Avenue, ensures high visibility and accessibility. Ample parking is provided with 19 spaces. The property is currently available for lease at a competitive rate of $1.50 per square foot. A significant advantage is the availability of build-to-suit options, allowing prospective tenants to customize the space to perfectly match their specific business requirements. This flexibility makes the property ideal for a wide range of commercial ventures seeking to establish or expand their presence in the thriving Weslaco market. The APN is W230000044002000. This is a rare opportunity to secure a prime commercial location in a desirable area of Weslaco, Texas, offering both immediate occupancy and the potential for long-term growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.