Property profile

2900 E Us Highway 281 Hidalgo, TX 78557

FOR SALE
Strip malls
Property ID
US82-2526910
8,360 SF 0.53 ac lot Built 2004
Individually Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Total area 8,360 SF
Lot 0.53 ac (23,191 SF)
Zoning code CO
APN H1380-00-000-0002-00
UPID US82-2526910

Cap rate & NOI

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

Location

2900 E Us Highway 281 Hidalgo, TX 78557
Hidalgo metro Census 21309 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2005
7 recorded transactions
2019
Price N/A
2010
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CO · Hidalgo, TX

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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