1 Main Ave Laredo, TX 78040-5935
- Hotels
- 126,040 SF
- 0.71 lot acres
Current Use by Public Records
- Laredo Hotel & Suites / Hotel
- Polk Transportation LLC / Trucking Company
- Rockland Construction Co Inc / Construction Company
Property Details for 1 Main Ave
- Year built
- 1973
- Lot size
- 0.71 lot acres
- Property size
- 126,040 SF
- Property type
- Hotels
- APN
- 106-00281-010
- APU
- 10600281010
Description
This exceptional 126,045 square foot retail property, located at 1 S. Main Ave. in Laredo, presents a unique investment opportunity. The building, constructed in 1973, boasts 15 stories and features three elevators. The property sits on a 0.709-acre lot (30,865 square feet) and is zoned B-3, allowing for a variety of commercial uses. Two retail spaces are currently available, ranging from 8,350 to 9,140 square feet. Its prime downtown location offers unparalleled access to two international bridges connecting the US and Mexico, attracting millions of pedestrians and vehicles annually. The property's proximity to the Rio Grande River and the Outlet Shoppes at Laredo, a 430,000+ square foot mixed-use development attracting over 4.5 million shoppers yearly, further enhances its desirability. The building's former use as a hotel presents a compelling redevelopment opportunity, potentially suitable for senior housing or public housing. The first floor is ideally suited for restaurants, while the fifteenth floor could be transformed into a ballroom or nightclub. This is a rare chance to acquire a substantial retail property in a high-traffic, strategically located area with significant redevelopment potential. The APN is 161811.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,085,000
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Location Insight
- Map
- Local Demand
- City
- Laredo
- County
- Webb
- State
- Texas
- Longitude
- -99.5131
- Latitude
- 27.5011
- CBSA code
- 29700
- CBSA name
- LAREDO, TX METROPOLITAN STATISTICAL AREA
