602 Gale St Laredo, TX 78041
This exceptional 2.786-acre commercial land parcel presents a lucrative investment opportunity in Laredo, Texas. Located at 602 Gale St, the property boasts prime visibility and accessibility, with 483 feet of frontage on West Drive and 179 feet on Gale Street. Its B-3 zoning allows for a variety of commercial, mixed-use, or high-density residential developments. The strategic location offers significant advantages, situated less than 1000 feet west of McPherson Rd and 100 feet from Calle del Norte, leading directly to Mall Del Norte, Laredo's largest shopping mall. High daily traffic counts are a key benefit, with McPherson Rd seeing 33,774 vehicles per day, Calle del Norte 13,597, and Gale Street 6,492. The asking price is $1,195,000, translating to $9.85 per square foot. The seller is open to owner financing with a 10% down payment. This property offers excellent ingress and egress, enhanced by surrounding traffic signals. The property's APN is 222588. The price is subject to change if the land is divided. This is a rare opportunity to acquire a highly desirable commercial property in a thriving Laredo location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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