623 International Blvd Weslaco, TX 78596
- Office buildings
- 7,488 SF
- 2.00 lot acres
Current Use by Public Records
- Mercedes BPS / Car Dealer
Property Details for 623 International Blvd
- Year built
- 1988
- Lot size
- 2.00 lot acres
- Property size
- 7,488 SF
- Zone code
- RS
- Property type
- Office buildings
- APN
- B3660-00-000-0002-00
- APU
- B366000000000200
Description
This exceptional investment opportunity presents a 7,488-square-foot traditional office building situated on a two-acre lot in Weslaco, Texas. The property, located at 623 S International Blvd, boasts a strategic location between Business 83 and Interstate 2, providing easy access to the Progreso International Bridge (8 miles away) and Weslaco Mid Valley Regional Airport (3 miles). The building, constructed in 1989, currently enjoys 100% occupancy with a lease expiring June 29, 2024. This lease provides a strong income stream for the buyer until the lease expiration. The tenant has historically been a government entity or contractor. In addition to the office space, the property includes 6,814 square feet of covered parking and garages, complemented by paved parking and a secure gated fence. The asking price is $992,000, translating to $132.48 per square foot. This owner-user investment presents a rare opportunity to acquire a well-maintained, income-producing property in a high-traffic area with excellent access to major transportation routes and the Mexican border. The property's history of government tenancy suggests stability and potential for long-term lease renewals.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9569
- Latitude
- 26.1541
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
