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5064 E Saunders St - Casa Blanca Event Center 24,539 SF Specialty Building Offered at $6,100,000 in Laredo, TX 78041
INVESTMENT HIGHLIGHTS
- This property features 14.12 Acres of Prime Property off US Hwy 59 and Loop 20 ideal for a Shopping/Retail Center.
- Zoned B-4 has potential for a variety of different business opportunities.
- 24,000(+) Sq Ft Building ready for use as a multi-purpose center for a variety of events.
EXECUTIVE SUMMARY
This 14+ acre piece of property is ideal for many opportunities but would be best utilized as a new Shopping/Retail Center with plenty of growth potential. It is zoned B4. The floor plan for event center that is located in the middle of the property can be renovated to conform to new business. It could also be demolished to accommodate a new site plan. This is one of a few properties with over 10 acres of commercial land in the middle/north part of Laredo. It is suitable for someone looking for exclusive choice of restrictions. The traffic count in this area is 29,000 as per 2008 Laredo Urban Traffic Map and 48,727 as per 2017 District Traffic Web Viewer.
PROPERTY FACTS
| Price | $6,100,000 | Lot Size | 14.12 AC |
| Price Per SF | $248.58 | Building Size | 24,539 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1959 |
| Property Subtype | Lodge/Meeting Hall | Parking Ratio | 8.15/1,000 SF |
| Building Class | B | ||
| Zoning | B4 - Commercial | ||
| Price | $6,100,000 |
| Price Per SF | $248.58 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | B |
| Lot Size | 14.12 AC |
| Building Size | 24,539 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 8.15/1,000 SF |
| Zoning | B4 - Commercial |
AMENITIES
- Signage
- Air Conditioning
ABOUT 5064 E SAUNDERS ST , LAREDO, TX 78041
This event center was built in 1959 and has had a number of renovations throughout the years. The roof was last replaced 2 years ago and carries a 20 year warranty. Some of the AC units were also replaced a few months ago. There have been many events held here including weddings, conferences, concerts, dances, and boxing/wrestling events. The owners are looking to relocate their business and provide the opportunity for a company to better utilize the 14 acres of prime commercial property.
PROPERTY TAXES
| Parcel Number | 306944 | Improvements Assessment | $50,000 |
| Land Assessment | $1,450,000 | Total Assessment | $1,500,000 |
PROPERTY TAXES
Parcel Number
306944
Land Assessment
$1,450,000
Improvements Assessment
$50,000
Total Assessment
$1,500,000
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5064 E Saunders St - Casa Blanca Event Center
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