1700 Amigo Ave Alamo, TX 78516
- Office buildings
- 280 SF
- 1.02 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1700 Amigo Ave
- Year built
- 2016
- Lot size
- 1.02 lot acres
- Property size
- 280 SF
- Zone code
- RS
- Property type
- Office buildings
- APN
- T6268-00-000-0011-00
- APU
- T626800000001100
Description
This exceptional 1.02-acre commercial property in Alamo, Texas, presents a lucrative investment opportunity. Located at 1700 Amigo Avenue, the property boasts convenient access from two roads: Amigo Drive and Tower Road. The property comprises two distinct income-generating components. A 2,404 square foot, four-bedroom, three-bathroom residential home occupies half an acre and is currently rented. The home includes an inside washer and dryer area. The remaining half-acre, accessed via Tower Road, is leased to an established used vehicle dealership. Detailed rental rolls are available upon request, demonstrating a consistent rental history with no periods of vacancy. Current rental income is below market value, presenting a significant opportunity to increase profitability through market-rate adjustments. The property features two separate electric meters, one for each tenant, ensuring efficient utility management. This property offers a unique blend of residential and commercial income streams, making it an ideal investment for those seeking a stable and potentially high-growth portfolio addition. The property's dual-road access and established tenancy make it a highly desirable asset in the Alamo market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alamo
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1044
- Latitude
- 26.227
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
