616 Nebraska Ave San Juan, TX 78589
- Retail space
- 468 SF
- 0.07 lot acres
Current Use by Public Records
- Retail space
Property Details for 616 Nebraska Ave
- Year built
- 1980
- Lot size
- 0.07 lot acres
- Property size
- 468 SF
- Property type
- Retail space
- APN
- S1000-00-033-0015-00
- APU
- S100000033001500
Description
This exceptional commercial property, located at 616 S Nebraska Avenue in San Juan, Texas, presents a unique investment opportunity. The 3,250.012 square foot lot features a building constructed in 1980, currently configured as office space in the front and warehouse space in the rear. This versatile layout offers significant flexibility for a variety of commercial uses, including retail, office, or a mixed-use development. Situated in the heart of San Juan's soon-to-be revitalized downtown area, this property benefits from high visibility on a busy street and convenient on-street public parking. The asking price is $99,999. The property is being sold "as-is," allowing for customization to meet specific business needs and capitalize on the area's anticipated growth. This is an ideal opportunity to establish a presence in a dynamic and developing Texas city. The property's location in Hidalgo County, Texas, zip code 78589, offers easy access to major transportation routes and a growing local market. Don't miss this chance to be part of San Juan's exciting transformation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $395,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $335,000
- Mixed-Use
- $335,000
- Hospitality
- $390,000
- Educational
- $435,000
- Residential Income
- $375,000
- Energy
- $360,000
- Income-Based Land
- $350,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- San Juan
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1561
- Latitude
- 26.1879
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
