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Property profile

2912 Business Hwy 83 Weslaco, TX 78596

OFF-MARKET
Warehouses
2.17 ac lot Built 1950

Property summary

AI-generated overview

This exceptional 2.17-acre commercial property, located at 2912 E Business 83 Highway in Mercedes, Texas, presents a compelling investment opportunity. Boasting over 140 feet of frontage on the busy Business Highway 83, this site benefits from a high-traffic location near the intersection of International Boulevard and Business Highway 83, experiencing 34,540 vehicles daily. The property includes two metal buildings and is zoned County. Situated in the rapidly growing Weslaco area of the Rio Grande Valley, between Harlingen and the McAllen/Pharr/Edinburg MSA, this location offers access to a dense population and high consumer demand. Its proximity to successful national retailers further enhances its appeal. Built in 1950, the property offers convenient access to all utilities, including city sewer and city water. This mixed-use property, with its excellent location, strong traffic counts, and utility access, represents a prime opportunity for business expansion or investment in a thriving market. The asking price is $450,000. The property's 78576 zip code places it within Hidalgo County.

Property profile

Verified
Property type Warehouses
Year built 1950
Lot 2.17 ac (94,525 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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