1700 Amigo AveAlamo, TX 78516

For Sale
$365,000

1-Acre Alamo property with two tenants. High rental potential.

Overview

Added:
Feb 3
Days on market:
39
This exceptional 1.02-acre commercial property in Alamo, Texas, presents a lucrative investment opportunity. Located at 1700 Amigo Avenue, the property boasts convenient access from two roads: Amigo Drive and Tower Road. The property comprises two distinct income-generating components. A 2,404 square foot, four-bedroom, three-bathroom residential home occupies half an acre and is currently rented. The home includes an inside washer and dryer area. The remaining half-acre, accessed via Tower Road, is leased to an established used vehicle dealership. Detailed rental rolls are available upon request, demonstrating a consistent rental history with no periods of vacancy. Current rental income is below market value, presenting a significant opportunity to increase profitability through market-rate adjustments. The property features two separate electric meters, one for each tenant, ensuring efficient utility management. This property offers a unique blend of residential and commercial income streams, making it an ideal investment for those seeking a stable and potentially high-growth portfolio addition. The property's dual-road access and established tenancy make it a highly desirable asset in the Alamo market.

Property Details for 1700 Amigo Ave

Property type
Other commercial real estate
Square Feet
2,404 SF
Year Built
2005
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Alamo
County
Hidalgo
State
Texas
Latitude
26.22702
Longitude
-98.10458
1700 Amigo Ave, Alamo, Texas

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1700 Amigo Ave
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