638 S Raul Longoria Rd, Edinburg, TX 78542
- Showrooms
- 9,360 SF
- 3.62 lot acres
Current Use by Public Records
- Showrooms
Property Details for 638 S Raul Longoria Rd
- Year built
- 2008
- Lot size
- 3.62 lot acres
- Property type
- Showrooms
- APN
- H5413-06-000-0001-00
- APU
- H541306000000100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 19, 2018 | — | Hutton Basecamp LLC | Huttonco Dev LP | Quit Claim Deed · related | — |
Description
This 2.77-acre commercial land parcel, located at 638 S Raul Longoria Rd, Edinburg, TX 78542 (APN: H5413-06-000-0001-00), is offered at $526,000. Zoned CO, this property boasts exceptional visibility with over 10,000 vehicles passing daily. Its strategic location in a rapidly developing area places it adjacent to HEB Park, Edinburg Municipal Park, and a Dollar Tree, among other businesses. The land's size and zoning allow for diverse development options, including shopping centers, franchise locations, or multi-family residential complexes. This presents a unique opportunity for investors seeking a mixed-use development in a high-demand location. The land value is $4.36 per square foot. The property is owned by HUTTON BASECAMP LLC. All offers are encouraged. This sale includes a 2.77-acre portion of Legal description: H541306 - HUTTON NO. 6 - SEB. The property offers excellent access and high visibility, ensuring strong potential for any commercial venture. This is a prime opportunity to capitalize on Edinburg's growth.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,755,000
- 6.5%
- $1,620,000
- 7%
- $1,505,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,400,000 Current use
- RESTAURANT
- $1,555,000 Change: +11% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,310,000 Change: -6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.137
- Latitude
- 26.2917
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
