Property profile

802 Jackson Rd Hidalgo, TX 78557

OFF-MARKET
Turn key restaurants
Property ID
US82-7975345
2,579 SF 0.62 ac lot Built 2007
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,579 square foot commercial property, situated on a 0.62-acre lot at 802 N Jackson Road in Hidalgo, Texas, presents a compelling investment opportunity. Its prime corner location in the burgeoning South Jackson area offers unparalleled visibility and accessibility. The property benefits from its proximity to residential complexes, schools, and warehousing facilities, ensuring a robust customer base and convenient logistics. Furthermore, its strategic location near the international Pharr bridge provides easy access to cross-border commerce and a wider market reach. The substantial lot size offers significant expansion potential, allowing for the construction of additional commercial structures to accommodate growth or diversification of business ventures. This makes it an attractive proposition for entrepreneurs seeking to establish a new business, or for existing businesses looking to expand their operations. The area's strong growth trajectory suggests a promising return on investment. The property's versatility makes it suitable for a wide range of commercial uses, including restaurants, bars, and offices, providing flexibility for potential buyers. This is a rare opportunity to acquire a well-located, sizeable commercial property in a rapidly developing area with considerable future potential. The asking price is $665,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2007
Total area 2,579 SF
Lot 0.62 ac (27,038 SF)
Zoning code RS
APN V0564-01-000-000B-00
UPID US82-7975345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Bar & Pub
  • Restaurant
  • Bar & Pub Catering Service
  • Hardware & Home Improvement HVAC Service

Location

802 Jackson Rd Hidalgo, TX 78557-3806
Hidalgo metro Census 21311 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2015
7 recorded transactions
2020
Price N/A
2017
Price N/A
2015
Price N/A
2014
Price N/A
2006
Price N/A
2005
Price N/A
2005
Price N/A

Zoning & alternative use

RS · Hidalgo, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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