2345 US-281 | Hidalgo, TX 78557
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- LoopNet Team
2345 US-281
Hidalgo, TX 78557
Hidalgo Strip Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Hidalgo Strip Center is an ±18,730 SF retail building on a ±0.76-acre parcel with a steady cash flow in a heavily trafficked border town.
- Opportunity for a value-add campaign or complete redevelopment with incredible frontage in a rapidly growing area with ample development.
- Retail rents within the submarket have historically shown strong growth, with 29.3% growth over the past decade and 5.7% year-over-year.
- Positioned off US-281, a major trade route to and from the US-Mexico border, seeing about ±17,000 vehicles passing by daily.
- Annual consumer spending within a 10-mile radius of Hidalgo Strip Center is expected to improve from approximately $2.3 to $2.57 billion by 2027.
- Hidalgo County currently enjoys an all-time low in retail vacancy rates, and investors are quickly responding with over 600,000 SF under construction.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
18,730 SF
Building Class
C
Year Built
1992
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.57
Lot Size
0.76 AC
Parking
26 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | V0560-00-000-000B-02 | Improvements Assessment | $607,134 |
| Land Assessment | $202,335 | Total Assessment | $809,469 |
PROPERTY TAXES
Parcel Number
V0560-00-000-000B-02
Land Assessment
$202,335
Improvements Assessment
$607,134
Total Assessment
$809,469
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