806-810 Expressway 83 Mission, TX 78572
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 806-810 Expressway 83
- Year built
- 2009
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fully occupied commercial plaza in Mission, Texas, ideally situated on West Expressway 83 between Conway and Los Ebanos. The property boasts excellent visibility and frontage along the highway. The 23,838.21 square foot lot encompasses two buildings: a 2,419 square foot restaurant (Tacos La Silla, a 14-year tenant) and a 2,404 square foot retail strip with three suites occupied by the same two tenants for nine years. All leases are currently month-to-month, offering immediate potential for increased profitability through market-rate rent adjustments. Adding to the property's value is a 0.22-acre vacant lot currently used for additional parking. Built in 2009, this property presents a strong cash flow opportunity with significant upside potential for a savvy investor. The strategic location and existing tenant base make this a compelling investment in a thriving Texas market. The asking price is $1,150,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3365
- Latitude
- 26.2042
