Property profile

406 Chimney Rd Mission, TX 78572

OFF-MARKET
Bars & Pubs
Property ID
US82-3638238
3,132 SF 5.29 ac lot Built 2014
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5.29-acre waterfront property located at 406 E Chimney Road E, Mission, Texas 78572, presents a rare investment opportunity. Built in 2014, this commercial land is zoned for restaurant use and offers significant potential for a thriving business. The property's expansive lot size provides ample space for development and expansion, catering to a variety of culinary concepts. Situated in Hidalgo County, this location benefits from excellent visibility and accessibility. The "as-is" sale includes all existing improvements, presenting a unique chance to acquire an established business or create a new culinary destination. The property's waterfront location is a highly desirable feature, offering stunning views and a unique atmosphere. Given the scarcity of such properties, this presents a compelling investment opportunity for discerning buyers seeking a prime location in a growing market. The property is being sold as is, with all conveyances included. Serious inquiries are encouraged to explore the full potential of this remarkable waterfront restaurant opportunity. The property's latitude and longitude coordinates are 26.157785, -98.332114 respectively.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 2014
Total area 3,132 SF
Lot 5.29 ac (230,432 SF)
APN R3300-00-00A-0001-00
UPID US82-3638238

Cap rate & NOI

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

Location

406 Chimney Rd Mission, TX 78572-4595
Mission metro Census 20108 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2013
Price N/A

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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