1786 Business Hwy 83, Mission, TX 78572-7226
- Motels
- 24,802 SF
- 2.56 lot acres
Current Use by Public Records
- Executive Inn & Suites / Hotel & Motel
Property Details for 1786 Business Hwy 83
- Year built
- 1990
- Lot size
- 2.56 lot acres
- Property type
- Motels
- APN
- T1010-00-000-000A-00
- APU
- T101000000000A00
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 27, 2004 | — | Bharat Gordhan | Desai,kirit G & Gitaben K | Warranty Deed | $900k · Lone Star Nat'l Bk |
| Jan 13, 2004 | — | Kirit G Desai | Mission Inn Motel | Warranty Deed · related | — |
| — | — | Bharat Gordhan | — | Deed Of Trust · related | $400k · Pravinkumar V & Mradula P Bhakta |
| — | — | Bharat Gordhan | — | Loan Modification · related | $900k · Lone Star Nat'l Bk |
Description
This exceptional 50-room motel in Mission, Texas, presents a lucrative investment opportunity. Situated on a prominent 2.56-acre corner lot at the intersection of three major thoroughfares – Expressway 83 Frontage, Business Highway 83, and Inspiration Road – this property boasts unparalleled visibility and accessibility. The 48,284 square foot property, built in 1990, includes two buildings and features a desirable C3 zoning designation. The high-traffic location, with a combined daily traffic count exceeding 23,615 vehicles (not including the 70,808 VPD on Expressway 83), ensures consistent exposure and potential for strong revenue generation. The property includes an income-producing restaurant space and private 3-bedroom living quarters. All furniture and fixtures are included in the sale. This well-maintained motel benefits from its location in a rapidly growing area with significant ongoing development, making it an ideal investment for discerning buyers seeking a high-return property in a prime location. The asking price is $3,000,000, representing a price per square foot of $62.13. This fee-simple ownership opportunity offers significant potential for future growth and profitability. The property's strategic location, combined with its existing income stream and potential for expansion, makes it a compelling investment prospect.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,195,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $588,000
Market price range: $589k - $1.04M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $820,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3481
- Latitude
- 26.2174
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
