1 S Main Ave Laredo, TX 78040
Property profile & analytics
1 S Main Ave, Laredo, TX 78040
- Hotels
- 126,040 SF
- 0.71 lot acres
Property ID
US82-4719938
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Laredo Hotel & Suites / Hotel & Motel
- Polk Transportation LLC / Trucking Company
- Rockland Construction Co Inc / Construction Company
Property Details for 1 S Main Ave
- Year built
- 1973
- Lot size
- 0.71 lot acres
- 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
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$7,397
$424,395
$675,605
$1,100,000
-
$424,395
$675,605
$1,100,000
