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Property profile

215 S Texas Blvd Weslaco Weslaco, TX 78596

FOR SALE
Sports & entertainment properties
Property ID
US82-4625742
3,750 SF 0.06 ac lot Built 1978
Individually Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional, fully occupied mixed-use property in Weslaco, Texas, presents a unique investment opportunity. Located at 215 S Texas Blvd, this Class A, fee-simple building boasts 3,750 square feet on a 0.06-acre lot. The 2-story structure, renovated in 2020, features eight units: an event center, a separate hair salon space, and six vintage studio loft apartments, generating multiple income streams. The building benefits from 100% occupancy with six tenants under a gross lease. The asking price is $489,000 ($130.40/sq ft). Situated in the heart of historic downtown Weslaco, adjacent to the iconic El Tinaco water tower, this property enjoys high visibility on Texas Blvd, a major arterial roadway, with excellent frontage. The permitted commercial zoning and strong local growth in both residential and commercial sectors make this a compelling investment for owner-users or investors seeking a blend of history and high return. The building's prime location offers easy access to major downtown landmarks and high traffic counts on Texas Boulevard (14,815 VPD) and Business Highway 83 (15,563 VPD). This is a rare chance to acquire a piece of Weslaco's rich history and capitalize on its vibrant future.

Property profile

Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1978
Total area 3,750 SF
Lot 0.06 ac (2,749 SF)
APN W2300-00-013-0027-00
UPID US82-4625742

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • Hair Salon Nail Salon

Location

215 S Texas Blvd, Unit Weslaco Weslaco, TX 78596
Weslaco metro Census 22600 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2014
6 recorded transactions
2019
Price N/A
2017
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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