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2109 W Expressway 83
Weslaco, TX 78596
Retail Property For Sale
Investment Highlights
- Expressway Frontage
- High Traffic Area
- Pylon Sign
Executive Summary
PROPERTY OVERVIEW
Excellent Opportunity to take advantage of purchasing a 6,480 sf - Freestanding Retail Building on Interstate 2 in the dynamic Weslaco, Texas Market! Hermes Music has an established store for the past 10 years with a lease expiration date of September 30, 2028 with no additional extension options. Building can be purchased with lease in place and lease renewed/renegotiated, or building can be purchased by a user for a new store with ample time to prepare plans, pass through the City of Weslaco and begin construction at lease expiration. Excellent Demographic profile with 67,000 [TXDOT 2023] Cars Per Day and 113,986 Population within a 5 Mile Radius.
Excellent Opportunity to take advantage of purchasing a 6,480 sf - Freestanding Retail Building on Interstate 2 in the dynamic Weslaco, Texas Market! Hermes Music has an established store for the past 10 years with a lease expiration date of September 30, 2028 with no additional extension options. Building can be purchased with lease in place and lease renewed/renegotiated, or building can be purchased by a user for a new store with ample time to prepare plans, pass through the City of Weslaco and begin construction at lease expiration. Excellent Demographic profile with 67,000 [TXDOT 2023] Cars Per Day and 113,986 Population within a 5 Mile Radius.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
B
Year Built/Renovated
1996/2015
Price
$1,650,000
Price Per SF
$253.85
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.77 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Frontage
152’ on Expressway 83
Amenities
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | J7650-02-000-005B-00 | Improvements Assessment | $452,511 |
| Land Assessment | $538,313 | Total Assessment | $990,824 |
Property Taxes
Parcel Number
J7650-02-000-005B-00
Land Assessment
$538,313
Improvements Assessment
$452,511
Total Assessment
$990,824
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