112 Van Week St Edinburg, TX 78541
- Auto shops
- 1,440 SF
- 0.16 lot acres
Current Use by Public Records
- Auto shops
Property Details for 112 Van Week St
- Year built
- 1985
- Lot size
- 0.16 lot acres
- Property size
- 1,440 SF
- Property type
- Auto shops
- APN
- E3300-00-121-0002-00
- APU
- E330000121000200
Description
This exceptional mixed-use property, located at 112 E Van Week Street in Edinburg, Texas, 78541, presents a compelling investment opportunity. Built in 1985, the property encompasses a substantial 7,099.844 square feet of land and features a blend of office, retail, and warehouse space. Currently generating a stable monthly income of $2,250 from four long-term tenants, this property offers significant potential for growth. The income does not include the vacant upstairs studio apartment, presenting an additional revenue stream opportunity. Its strategic location just north of the new courthouse further enhances its appeal. The property's versatility makes it suitable for a variety of uses, including a potential co-working space. The asking price is $449,999, and owner financing is available. Prospective buyers are responsible for verifying all building measurements. This is a motivated seller situation, making this a prime opportunity for investors seeking a strong return on investment in a thriving Texas market. The property is classified as Commercial, Executive Office, and Warehouse.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $445,000
- 6.5%
- $450,000
- 7%
- $500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $515,000
- Retail
- $470,000
- Mixed-Use
- $480,000
- Hospitality
- $475,000
- Educational
- $495,000
- Residential Income
- $385,000
- Energy
- $470,000
- Income-Based Land
- $415,000
- Food Service
- $495,000
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1608
- Latitude
- 26.307
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA