806-810 Expressway 83Mission, TX 78572

For Sale
$1,150,000

High-Yield Restaurant & Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully occupied commercial plaza in Mission, Texas, ideally situated on West Expressway 83 between Conway and Los Ebanos. The property boasts excellent visibility and frontage along the highway. The 23,838.21 square foot lot encompasses two buildings: a 2,419 square foot restaurant (Tacos La Silla, a 14-year tenant) and a 2,404 square foot retail strip with three suites occupied by the same two tenants for nine years. All leases are currently month-to-month, offering immediate potential for increased profitability through market-rate rent adjustments. Adding to the property's value is a 0.22-acre vacant lot currently used for additional parking. Built in 2009, this property presents a strong cash flow opportunity with significant upside potential for a savvy investor. The strategic location and existing tenant base make this a compelling investment in a thriving Texas market. The asking price is $1,150,000.

Highlights

  • Fully occupied commercial plaza in Mission, TX, on West Expressway 83.
  • 23,838.21 SF lot with two buildings: a 2,419 SF restaurant (14-year tenant) and a 2,404 SF retail strip (nine-year tenants).
  • All tenants on month-to-month leases, allowing for immediate rent increases.
  • Includes a 0.22-acre vacant lot used for parking.
  • Built in 2009, asking price $1,150,000.

Property Details for 806-810 Expressway 83

Property type
Other retail properties, Restaurants
Year Built
2009

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.2041959
Longitude
-98.3364589
806-810 Expressway 83, Mission, Texas

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806-810 Expressway 83
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