309 Pike Blvd Weslaco, TX 78596-4709

Property Details for 309 Pike Blvd

Year built

2007

Construction

FRAME

Lot size

0.29 lot acres

Property size

4,320 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

E7200-00-019-0001-00

APU

E720000019000100

Description

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.

Location Insight

City

Weslaco

County

Hidalgo

State

Texas

Longitude

-97.9931

Latitude

26.1697

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments