5605 Mile 3 Rd Mission, TX 78574
- Strip malls
- 8,040 SF
- 1.02 lot acres
Current Use by Public Records
- Strip malls
Property Details for 5605 Mile 3 Rd
- Year built
- 1987
- Lot size
- 1.02 lot acres
- Property size
- 8,040 SF
- Zone code
- RS
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- M7060-00-000-0008-00
- APU
- M706000000000800
Description
This 8,100-square-foot retail property in Mission, Texas, presents a compelling investment opportunity. Located on W Mile 3 Rd, this single-story building boasts a prime location with over 12,000 cars passing daily, according to TXDOT traffic counts. Currently operating as a convenience store and grocery store with 100% occupancy, the property offers significant upside potential. The existing business includes a deli kitchen, readily available for reopening, and a tenant currently paying $2,750 monthly rent. An additional income stream comes from a leased trailer home on the 0.96-acre lot, generating $350 monthly rent. The property features a septic tank and propane gas tank, as municipal sewer and gas lines are not yet available. The asking price is $2,000,000 ($246.91/sq ft). The seller is open to financing with a 10% down payment on the building plus inventory
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3815
- Latitude
- 26.2669
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
