101 Monte Cristo Rd Edinburg, TX 78541-6589
- Commercial real estate
- 20,758 SF
- 6.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 101 Monte Cristo Rd
- Year built
- 1976
- Lot size
- 6.15 lot acres
- Property size
- 20,758 SF
- Property type
- Commercial real estate
- APN
- S1600-00-001-0007-03
- APU
- S160000001000703
Description
This exceptional 1.39-acre commercial land site presents a compelling investment opportunity in the thriving city of Edinburg, Texas. Located at 101 E Monte Cristo Rd, 78541, this property boasts a prime location at a signal-controlled intersection, ensuring high visibility and accessibility. Its strategic position offers proximity to major thoroughfares, including I-69C and US Highway 281, maximizing exposure to a substantial daily traffic volume. The land is zoned for commercial use, providing flexibility for a wide range of development possibilities. The property's advantageous location is further enhanced by its adjacency to Murphy's USA, a well-established business, and its close proximity to the Hidalgo County Courthouse and the University of Texas Rio Grande Valley, creating a dynamic and densely populated surrounding area. This hard corner property is situated in a rapidly growing North Edinburg area, making it an ideal location for businesses seeking high visibility and convenient access to a diverse customer base. The asking price for this exceptional commercial land parcel is $1,000,000. This represents a significant opportunity to capitalize on the robust growth and development within this desirable area of Edinburg.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,895,000
- 6.5%
- $3,595,000
- 7%
- $3,340,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,776,000
Market price range: $1.48M - $6.57M
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Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1543
- Latitude
- 26.3379
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA