$6,500,000
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4001 - 4129 W State Hwy 107 HWY W Edinburg, TX 78540
46,785 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 46,785 sqft
Price per Sqft $106
Subdivision Mission Tile Plaza
MLS Listing ID 6894123
Sold Date 01/18/24
Year Built 2003
Tax Year 2022
Lot Size 3.950 Acres
Acres 3.95
Property Sub-Type Retail
Source actris
Property Description
This commercial shopping strip is located in the potential growth area of the McAllen-Edinburg Metro of the Rio Grande Valley of South Texas. The property is well-positioned for growth, as the region is experiencing a surge in population and economic activity. Two units of the property are currently leased on a monthly basis to an adult day care facility and a restaurant/cafe, plus the owner leases the main area as an events center. There is significant potential for value-add through lease-up, repositioning, or redevelopment. When planning this strip center the owner had the foresight to divide the center into 16 unique units of approximately 3,000 square feet each. This may allow the new owner to easily lease individual units or combine them for larger uses. "Construction of the center is block concrete and filled with concrete approximately every five (5) feet for reinforcement." The exterior surface is smooth concrete and painted with Sherman Williams Paints. "The arches are double blocked & also filled every ~5 feet with concrete." There are three overhead doors in the rear of the center - they measure 12'x10' or 8'x8' - for drop off or pick-up of materials or goods. Several units have their own sewer and water, restrooms, and HVAC units. One unit has a full kitchen, hood, sink and grease trap and another unit is a fully functioning restaurant but this equipment does not convey. The center sits on 3.95 acres, is ~46,785 Square Feet & has 227 available parking spaces. Nearby Anchors: Positioned east of the rapidly growing 10th street with anchors that include CVS, Starbucks, Lowe's Home Improvement, and Juniors Supermarket.
Location
State TX
County Hidalgo
Area Out Of Area
Interior
Heating Varies by Unit
Cooling None
Flooring Tile
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected, See Remarks
View None
Accessibility See Remarks
Total Parking Spaces 227
Building
Story 1
Foundation Slab
Sewer Public Sewer, See Remarks
Water Public
Structure Type Block,Concrete
New Construction No
Others
Restrictions City Restrictions,Zoning
Acceptable Financing Cash, Conventional, Owner May Carry, See Remarks
Tax Rate 2.604
Listing Terms Cash, Conventional, Owner May Carry, See Remarks
Special Listing Condition Estate
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Bought with Non Member