409 Mahl St Edinburg, TX 78539-4547
- Strip malls
- 7,350 SF
- 0.49 lot acres
Current Use by Public Records
- Strip malls
Property Details for 409 Mahl St
- Year built
- 2008
- Lot size
- 0.49 lot acres
- Property size
- 7,350 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- E3300-00-279-0010-00
- APU
- E330000279001000
Description
This exceptional investment opportunity presents a fully leased, 10-unit commercial plaza located at 409 E Mahl Street, Edinburg, TX 78539. Built in 2008, this 21,300.84 square foot property boasts a prime location in downtown Edinburg, within walking distance of the new Hidalgo County Courthouse. The attractive stucco building features a pole sign, exterior lighting, and roof signage, enhancing its visibility and appeal. The property includes a convenient parking lot with 29 private parking spaces. Currently generating a monthly rental income of $10,050 (as of December 2023), translating to an annual income of $117,300 and a net operating income (NOI) of $105,089.20. Unit sizes range from 615 to 1,200 square feet. Tenants have demonstrated remarkable consistency over the years, and rents offer potential for future increases. This income-producing property represents a reliable, long-term investment poised for continued growth in equity and income, situated in the heart of the fastest-growing city within the McAllen-Edinburg-Mission metropolitan area – the fastest-growing metropolitan area in Texas. Minimal maintenance is required, making this a truly attractive proposition for discerning investors. The asking price is $1,350,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1591
- Latitude
- 26.2991
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
