Current Use by Public Records
- Warehouses
Property Details for 239 Business 83 Hwy
- Year built
- 2018
- Lot size
- 3.00 lot acres
- Property type
- Warehouses
- Property subtype
- Land
Description
This exceptional 3-acre commercial property in Alamo, Texas, presents a compelling investment opportunity. Located on Business 83 Highway near Tower Road, this mixed-use site boasts two income-producing warehouses currently leased on a month-to-month basis. The larger warehouse, approximately 3,000 square feet, is currently operating as an auto shop, featuring three garage doors. The smaller warehouse, around 2,000 square feet, serves as a storage facility. Both warehouses include individual small office spaces and restrooms. Adding to the property's versatility, nearly 2 acres of vacant land are also available, ideal for additional development, large machinery parking, or expansion. The property's strategic location offers easy access to major highways within a 2-5 minute drive, and its proximity to the Alamo Fire Department, Alamo Police Department, and local schools enhances its appeal. Built in 2018, this property is priced at $875,000 and offers significant potential for various business ventures. The existing lease income provides immediate return on investment, while the ample vacant land allows for future growth and expansion. This property is a rare find in the Mid-Valley area, combining existing income with significant development potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alamo
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1023
- Latitude
- 26.1794
