1420 Interstate Hwy Weslaco, TX 78596
This exceptional 5,559 square foot commercial building, situated on a 0.69-acre lot in Weslaco, Texas, presents a unique investment opportunity. Built in 1993 and extensively renovated in 2023, this single-story, single-unit structure boasts a solid block/stucco exterior with metal roof rafters and trusses. The property enjoys 100% occupancy as of May 31, 2023, and is currently zoned for commercial use. Its prime location along Interstate Highway 2, with convenient access from Pike Boulevard, ensures high visibility and accessibility. Ample parking and storage space are readily available. The building's versatile design makes it suitable for various uses, including medical clinics, doctor's offices, or other commercial ventures. Large pole and monument signs enhance visibility. The property is offered for sale at $1,500,000. The seller may consider remaining as a tenant for a year under a mutually agreeable arrangement. Alternatively, the property is available for lease at $2.00 per square foot, NNN. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property in a thriving Texas market. The property features 5,559 square feet of air rights.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.