About 502/411 E Expressway 83 Highway E
Prime development opportunity! This expansive 11-acre property boasts 357 feet of expressway frontage, perfectly positioned in a rapidly growing area surrounded by luxury car dealerships. With high visibility and easy access from Expressway 83 and Highway 281, this site offers unlimited potential for master-planned retail development, including hotels, restaurants, shops, and even multi-family units. Ideal for visionary investors looking to capitalize on the area's booming growth and demand. Don't miss your chance to shape the future of this vibrant corridor! The Highest & Best Use "As Improved" The current improvements do contribute some value to the site at present. However, based on the value of the underlying land, the improvements contribute value on an interim basis until demand warrants redevelopment. Therefore, the highest and best use of "as improved" is for continued retail and warehouse use.
Features of 502/411 E Expressway 83 Highway E
| MLS® # | 448413 |
|---|---|
| Price | $5,750,000 |
| Square Footage | 27,897 |
| Acres | 11.02 |
| Year Built | 1985 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
| Retail Square Footage | 38,415 |
Community Information
| Address | 502/411 E Expressway 83 Highway E |
|---|---|
| Subdivision | Leighann |
| City | San Juan |
| County | Hidalgo |
| State | TX |
| Zip Code | 78501 |
Amenities
| Features | None |
|---|---|
| Parking Spaces | 10 |
| Parking | Paved |
Interior
| Appliances | Water Heater (None) |
|---|---|
| Heating | Central |
| Cooling | Central Air |
Exterior
| Lot Description | See Remarks |
|---|---|
| Roof | Metal |
| Construction | Aluminum Siding, Block |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Present Use | Business Service, Retail, Warehouse |
| Site Features | None |
| Presently Leased | Yes |
| Annual Tax | $80,095 |
| HOA Association | No |
Listing Details
| Agent | Rene Adrian Alcala Salinas |
|---|---|
| Office | Black Rock CRE |
| Contact Info | 956-605-8716 |