TX > Edinburg > Edinburg Original Townsite
Edinburg, TX 78539,409 E Mahl ST
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Edinburg, TX 78539,409 E Mahl ST
Edinburg, TX 78539,409 E Mahl ST
Edinburg, TX 78539,409 E Mahl ST
Edinburg, TX 78539,409 E Mahl ST
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Realty Executives Corpus Christi & Coastal Bend

Realty Executives Corpus Christi & Coastal Bend

+1(512) 740-7615
Listed by Encore Fine Properties
$ 1,350,000
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Active

409 E Mahl ST Edinburg, TX 78539

8,604 SqFt

UPDATED:

06/07/2024 03:42 PM

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,604 sqft

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

Realty Executives Corpus Christi & Coastal Bend

Regional Developer Texas | License ID: 408918

+1(512) 740-7615

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409 E Mahl ST