122 Conway AveMission, TX 78572

For Sale
$300,000

High-Yield Retail Center, Mission, TX

Overview

Added:
Dec 11, 2024
Days on market:
92
This Mission, Texas commercial property, located at 122 N Conway Avenue, presents a lucrative investment opportunity. The 7,501.032 square foot lot houses a retail center comprised of four approximately 325 square foot suites, each currently leased for $500 per month, generating a substantial annual income of $24,000. The property boasts 15 parking spaces on a concrete apron, four individual electric meters (tenant responsibility), and one water meter (landlord responsibility). Recent improvements include a new composition shingle roof (installed in 2023), fresh paint, and brick restoration. Annual operating expenses are manageable, with water averaging $75 monthly ($900-$1000 annually), landscaping maintenance at $600 annually, and property taxes ranging from $3,600 to $3,700 annually over the past two years. Built in 1996, this property offers a strong return on investment with its established rental income and recent upgrades. The property's location in Mission, TX, 78572, provides excellent visibility and accessibility. This turnkey operation is ready for a new owner to step in and continue the success.

Highlights

  • $300,000 asking price.
  • 7,501 sq ft lot.
  • Land, office, and retail property.
  • Built in 1996.
  • Located at 122 N Conway Avenue, Mission, TX 78572.

Property Details for 122 Conway Ave

Property type
Other retail properties, Other office properties
Year Built
1996

Location Insight

City
Mission
County
Hidalgo
State
Texas
Latitude
26.20754515326
Longitude
-98.326734372507
122 Conway Ave, Mission, Texas

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122 Conway Ave
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