309 Pike Blvd, Weslaco, TX 78596-4709
This exceptional investment opportunity presents a fully occupied, three-unit medical office plaza located at 309 W Pike Boulevard, Weslaco, Texas, 78596. The property, built in 2007, boasts 4,320 square feet across two single-story buildings situated on a 0.287-acre lot. Currently housing five tenants under a gross lease, the property enjoys 100% occupancy with a remaining lease term of one year. The building is zoned for business use and offers ample parking with 24 spaces available, supplemented by street parking. Internal features include two full bathrooms with showers and four half-baths, along with two kitchens, catering to the needs of the medical tenants. The property has never experienced flooding. This Class B property presents a strong cash flow opportunity with no rent bumps scheduled. The asking price is $629,000. This is a multi-tenant property with a proven track record of success in a thriving Weslaco, Hidalgo County market. The property's excellent location and strong tenant base make it an ideal investment for those seeking a stable and profitable commercial real estate asset.
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Medina Real Estate Real Estate Agency
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Barehaus Esthetics Spa & Massage Center Skin Care Clinic
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RGV Direct Care Family Clinic Pediatrician Physician
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Daniel Mendez, Medina Real Estate - Weslaco Real Estate Agency
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Jose Luis Garcia, Medina Real Estate Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.