Edinburg, TX 78540,4001 - 4129 W State Hwy 107 HWY W

$6,500,000

Est.Price: ?

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Est. payment /mo

46,785 SqFt


SOLD DATE : 01/18/2024

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

Originating Board actris

Year Built 2003

Tax Year 2022

Lot Size 3.950 Acres

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

Interior

Heating Varies by Unit

Cooling None

Flooring Tile

Fireplace N

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected, See Remarks

Waterfront No

View None

Accessibility See Remarks

Parking Type Asphalt, Common, Direct Access, Parking Lot, Shared Driveway, Unassigned

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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Listed by Agustin B. Lara Realty
Bought with Non Member

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