409 E Mahl ST Active Save Request In-Person Tour Request Virtual Tour
Edinburg,TX 78539
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,604 sqft
Price per Sqft $156
Subdivision Edinburg Original Townsite
MLS Listing ID 423363
HOA Y/N No
Originating Board Greater McAllen
Year Built 2008
Annual Tax Amount $16,062
Tax Year 2023
Lot Size 0.489 Acres
Acres 0.489
Property Description
"Too good of an area to be vacant" You are not just buying the property, you area also buying the RELIABILITY. A huge factor. YOUR MONEY STREAM AWAITS. FULLY LEASED 10 Unit commercial plaza downtown edinburg with PARKING LOT, 29 private parking spots. Walking distance to the new hidalgo county courthouse. Income producing property. Beautiful stucco building with pole sign, lights, roof signs, in an incredible location. Units range from 615 sqft and 1,200 sqft. Monthly rental income of $10,050 as Dec 2023, with an annual income of $117,300 and an NOI of $105,089.20. Minimal maintenance. Rents have room for increase, tenants have been consistent for years. This is a reliable income generating investment that will only continue to grow in equity and income. Especially being located in the heart of the fastest growing city in the McAllen-Edinburg-Mission metropolitan area: the fastest growing metropolitan area in Texas! You won't find a better long term commercial investment.
Location
State TX
County Hidalgo
Zoning CO
Interior
Heating Central
Cooling Central Air
Flooring Tile
Equipment Pole Sign,Roof Sign
Appliance Electric Water Heater
Exterior
Garage Spaces 29.0
View Y/N No
Roof Type Composition Shingle
Total Parking Spaces 29
Garage Yes
Building
Lot Description Downtown,Office Complex
Faces From the intersection of University Drive and 14th Ave, head south past Cano St, plaza will be on the east side before passing Mahl St.
Story 1
Structure Type Stucco
New Construction No
Others
Tax ID E330000279001000