About 2218 W Mile 5 Road
Value-add opportunity to acquire a brand-new commercial shopping center situated on 2.50 acres in a high-traffic location. Ideal for an owner-investor looking to lease the existing retail spaces and generate strong income while maintaining significant upside through future development potential in the rear portion of the property. A rare opportunity to secure both immediate cash flow and long-term expansion potential in a growing market. Renovated in 2024.
Features of 2218 W Mile 5 Road
| MLS® # | 502977 |
|---|---|
| Price | $650,000 |
| Square Footage | 4,159 |
| Acres | 2.50 |
| Year Built | 1993 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
| Office Square Footage | 4,159 |
| Retail Square Footage | 4,159 |
Community Information
| Address | 2218 W Mile 5 Road |
|---|---|
| Subdivision | La Homa Ranch Citrus Groves Ut #1 |
| City | Mission |
| County | Hidalgo |
| State | TX |
| Zip Code | 78573 |
Amenities
| Parking Spaces | 20 |
|---|---|
| Parking | Other, Paved |
Interior
| Appliances | Electric Water Heater |
|---|---|
| Heating | Central |
| Cooling | Central Air |
Exterior
| Exterior Features | Manual Gate, Mature Trees, Workshop |
|---|---|
| Lot Description | See Remarks |
| Roof | Metal, Other |
| Construction | Block, Stucco |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Present Use | Retail |
| Presently Leased | No |
| Annual Tax | $12,579 |
| HOA Association | No |
Listing Details
| Agent | Eric Lede |
|---|---|
| Office | Coldwell Banker La Mansion |
| Contact Info | 956-223-0586 |