About 12205 N Fm 88
Prime Investment Opportunity in the Growing Weslaco/Elsa Corridor! This well-maintained strip center offers a diverse tenant mix including office, restaurant, drive-thru, and retail spaces. Built in 2015, the property consists of approximately 14,699 square feet of leasable space and features 36 on-site parking spaces. Strategically positioned on FM 88 at Mile 14 ½ N, the center benefits from excellent visibility and convenient access from both Weslaco and Elsa, serving a rapidly growing trade area. According to 2024 TxDOT data, the location has an average daily traffic count of approximately 13,369 vehicles, providing strong exposure for tenants. Offered at a price reflecting an attractive above 9% cap rate, this income-producing asset presents an exceptional opportunity for investors seeking strong cash flow and a stabilized commercial property in one of the Rio Grande Valley's expanding markets. Call today for more info!
Features of 12205 N Fm 88
| MLS® # | 513763 |
|---|---|
| Price | $1,600,000 |
| Square Footage | 14,699 |
| Acres | 1.94 |
| Year Built | 2015 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
| Office Square Footage | 14,699 |
| Retail Square Footage | 14,699 |
Community Information
| Address | 12205 N Fm 88 |
|---|---|
| Subdivision | West Tract |
| City | Weslaco |
| County | Hidalgo |
| State | TX |
| Zip Code | 78599 |
Amenities
| Features | Other |
|---|---|
| Parking Spaces | 36 |
| Parking | Paved |
Interior
| Appliances | Electric Water Heater |
|---|---|
| Heating | Central |
| Cooling | Central Air |
Exterior
| Lot Description | Strip Mall |
|---|---|
| Roof | Clay Tile, Flat |
| Construction | Stucco |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Present Use | Business Service, Office, Professional Service, Restaurant, Retail, Wholesale |
| Site Features | Other |
| Presently Leased | Yes |
| Annual Tax | $10,820 |
| HOA Association | No |
Listing Details
| Agent | Ronaldo (ronnie) Esparza |
|---|---|
| Office | eXp Realty LLC |
| Contact Info | 956-777-8859 |