13500 & 13600 E. State Highway 107

La Blanca, TX

Retail for Sale - $1,250,000 - 11,241 Sq. Ft.


Agent Info

Ernest Garza
Coldwell Banker Commercial Rio Grande Valley

Property Info

CIMLS#1152087
Location
  13500 & 13600 E. State Highway 107
  La Blanca TX 78558
UpdatedJanuary 29th, 2024
TypeRetail
Price$1,250,000
Building11,241 Sq. Ft.

Property Description

Incredible Investment Opportunity! Present your offer for this revenue-generating strip center. Listed with a stabilized cap rate of 9.4%, this property is situated in a prime retail location within a semi-rural area. Currently boasting a 90% occupancy rate and featuring lower annual property taxes, it accommodates a variety of business users such as hair salons, restaurants, nail salons, phone stores, and office spaces—ideal for personal business ventures or rentals with a substantial return on investment potential. Additionally, there is an opportunity to negotiate cross-access with neighboring commercial property and a convenience store.


Financials



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