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4001 - 4129 State Hwy 107 Edinburg, TX 78540

$6,500,000
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

4001 - 4129 State Hwy 107 Edinburg, TX 78540
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TX > Edinburg
Edinburg, TX 78540,4001 - 4129 State Hwy 107
Edinburg, TX 78540,4001 - 4129 State Hwy 107
Edinburg, TX 78540,4001 - 4129 State Hwy 107
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$6,500,000
Est. payment /mo
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

46,785 SqFt
SOLD DATE : 01/12/2024

Key Details

Property Type Commercial

Sub Type Commercial Improved Prop

Listing Status Sold

Purchase Type For Sale

Square Footage 46,785 sqft

Price per Sqft $106

MLS Listing ID 1737123

Sold Date 01/12/24

Construction Status Stucco,Block

Year Built 2003

Annual Tax Amount $68,212

Lot Size 3.950 Acres

Property Sub-Type Commercial Improved Prop

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 3100

Zoning CO

Direction W

Interior

Heating Individual Meters

Cooling Individual Meters

Exterior

Garage Spaces 227.0

Utilities Available Electricity, Gas, Water, Sewer

Amenities Available Exterior Lighting, Inside Storage

Roof Type Flat

Building

Story 1

Foundation Slab

Level or Stories 1

Construction Status Stucco,Block

Schools

School District Edinburg Consolidated Isd

Others

Acceptable Financing Sale Only, Cash, Conventional, 2nd Seller Carry

Listing Terms Sale Only, Cash, Conventional, 2nd Seller Carry

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Lakeisha Davis

Lakeisha Davis

inquiries@buyandsellwithlakeisha.realtor +1(815) 382-2806

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Listed by Agustin Lara • Agustin B. Lara Realty • (512) 912-8595

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Lakeisha Davis

+1(815) 382-2806

REALTOR® | License ID: 696928

REALTOR® License ID: 696928

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