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 8% 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
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty