1104 Farragut StLaredo, TX 78040

Property Details for 1104 Farragut St

Year built

1961

Lot size

0.14 AC

Property size (Sq ft)

7,882 SF

Property type

Retail space

APN

102-00061-040

APU

10200061040

Description

This exceptional 5,250 square foot retail property, located at 1104 Farragut St, Laredo, TX 78040, presents a unique investment opportunity. Built in 1961, this two-story building sits on a 6,173 square foot lot and is zoned CBD, offering versatility for various retail uses including convenience stores, grocery stores, or as part of a shopping center. Currently operating as a successful retail business, the property benefits from high visibility and excellent foot traffic in the heart of downtown Laredo. Its strategic location near a new sheriff's station currently under construction further enhances its potential. The asking price is $650,000. This property represents a rare chance to acquire a piece of Laredo's downtown history with significant investment potential. The building's strong performance and prime location make it an attractive proposition for savvy investors seeking a high-return asset in a thriving Texas market. The property consists of one building and offers a substantial space for a variety of retail ventures. Don't miss this opportunity to own a piece of Laredo's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,575,556

  6.5%

  $1,454,359

  7%

  $1,350,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,734,309

  Geo Method

  $4,514,182

• Alternative Use

  Use

  Valuation

  Residential

  $1,226,806

  Hospitality

  $1,123,748

  Educational

  $934,945

  Medical

  $967,099

  Retail

  $1,454,359

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.5059

Longitude

-99.5069

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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