389 Hidalgo Ave Raymondville, TX 78580
For Sale
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This exceptional commercial investment opportunity in Raymondville, Texas, presents a rare chance to acquire a thriving, multi-tenant property generating consistent rental income. Located on a 0.33-acre lot encompassing four city lots at 389 W Hidalgo Avenue, this property boasts unparalleled visibility directly off the city's main thoroughfare and offers convenient access to Interstate 69E. The property comprises three fully leased buildings: two retail spaces and a church, all contributing to a stable and predictable income stream. Adding to its appeal, a fourth lot houses a currently leased water mill, providing an additional revenue source. The total square footage of the buildings is 6,325 square feet. This strategic location near major transportation arteries ensures high traffic counts and excellent exposure for all tenants. The diverse tenant mix offers both stability and potential for future growth, making this property an attractive proposition for both experienced investors and those looking to diversify their holdings. This is a turnkey investment ready to generate immediate returns. The asking price is $210,000.
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Texan Credit Corporation Loan Service
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Harding Foundation Inc Charitable Organization Social Service 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
No recorded transactions found for this property.
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.