4.85 Acres Lot
4.85 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Plaza Las Canteras
MLS Listing ID 483909
HOA Y/N No
Year Built 2013
Annual Tax Amount $14,758
Tax Year 2022
Lot Size 4.850 Acres
Acres 4.85
Property Sub-Type Commercial
Source Greater McAllen
Property Description
Exceptional investment opportunity featuring a fully leased commercial plaza with strong cash flow and major upside potential. Property includes five units—two occupied by the owner- laundromat generating approximately $12,000/month and three additional suites producing $3,800/month in rent. The laundromat business is included in the sale, fully equipped, and supported by a loyal customer base. A 9% cap rate! Situated on nearly five acres of high-value commercial land, this property offers excellent potential for expansion, redevelopment, or additional income streams- ideal for more plaza suites, storage units, etc. This is a rare chance to acquire a stable, cash-flowing asset with long-term growth potential in a prime location.
Location
State TX
County Hidalgo
Zoning CO
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Equipment Roof Sign
Appliance Electric Water Heater
Exterior
View Y/N No
Roof Type Flat
Garage No
Building
Faces From W Monte Cristo Rd. Drive to N Doolittle Rd in Edinburg about 1 mile to your Left side- 4409 N Doolittle Rd Edinburg, TX 78542
Story 1
Structure Type Block,Stucco
New Construction No
Others
Tax ID P747100000000100
Security Features Security Lights,Security System
Director of Operations, Realtor®, Managing Partner | License ID: 0650201
+1(956) 300-1262 | david@apirealtor.com