Property summary
This exceptional $850,000 commercial property, located at 2900 E US Highway 281 in Hidalgo, Texas (zip code 78557), presents a unique investment opportunity. Built in 2004, the property encompasses a diverse range of uses, making it ideal for a variety of investors. The site includes a thriving strip mall plaza featuring a restaurant, two spaces suitable for retail or office use, and a substantial warehouse space of approximately 5,000 square feet. The total land area is 23,192.215 square feet, offering ample space for expansion or future development. Its strategic location on Highway 281, between Hidalgo and Las Milpas, ensures high visibility and accessibility, attracting significant foot traffic and convenient access for customers and employees. This versatile property offers a blend of established businesses and potential for growth, making it an attractive investment in a dynamic Texas market. The property's diverse tenant mix provides a stable income stream, while the ample land and warehouse space offer opportunities for expansion or redevelopment. This is a rare opportunity to acquire a well-established commercial property with significant upside potential in a thriving location. The property is classified as Land, Retail, and Industrial, offering flexibility for various business ventures.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate
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from $99/month
Derived from the Hidalgo market rent, vacancy and expense benchmarks for this use type.
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CO · Hidalgo, TXZoning
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Zoning designation
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