List Price:
$1,350,000
MLS Number:
423363
Property Type:
Commercial Sale
Property Sub Type:
Commercial
Address:
409 E Mahl Street, Edinburg TX 78539
Street Name:
Mahl
Subdivision:
Edinburg Original Townsite
City:
Edinburg
County:
Hidalgo
Accessibility Features:
Annual Amt SqFt:
Appliances:
Electric Water Heater
Association Fee:
Association Fee Frequency:
Association YN:
No
Availability:
Availability Date:
Base Rent Amount:
Building Area Total:
8604
Building Area Units:
Square Feet
Building Features:
Other
Carport Spaces:
0
Carport YN:
No
Construction Materials:
Stucco
Cooling:
Central Air
Cooling YN:
Yes
Covered Spaces:
29
Directions:
From the intersection of University Drive and 14th Ave, head south past Cano St, plaza will be on the east side before passing Mahl St.
Door Features:
Electric:
Separate Electric Meters
Electric On Property YN:
Existing Lease Type:
Exterior Features:
Flooring:
Tile
Foundation Details:
Frontage Type:
Garage Spaces:
29
Garage YN:
Yes
Green Energy Efficient:
Other, Thermostat
Grounds:
Sidewalks
Heating:
Central
Heating YN:
Yes
Horse Amenities:
Insurance Expense:
Interior Features:
Landlord:
Lease Amount Period:
CONTRACT
Lease Expiration:
Lease Period:
Lease Term:
Approximate SqFt:
8604
Lot Features:
Downtown, Office Complex
Lot Size Acres:
0.489
Lot Size Area:
21300.84
Lot Size SqFt :
21300.84
Number Of Units In Community:
1
Open Parking YN:
Other Bldg SqFt:
1254
Other Equipment:
Pole Sign, Roof Sign
Other Expense:
Other Structures:
Own Lot YN:
Parking Features:
Blacktop
Parking Total:
29
Patio And Porch Features:
Pool Features:
Postal Code:
78539
Public Remarks:
"Too good of an area to be vacant" You are not just buying the property, you area also buying the RELIABILITY. A huge factor. YOUR MONEY STREAM AWAITS. FULLY LEASED 10 Unit commercial plaza downtown edinburg with PARKING LOT, 29 private parking spots. Walking distance to the new hidalgo county courthouse. Income producing property. Beautiful stucco building with pole sign, lights, roof signs, in an incredible location. Units range from 615 sqft and 1, 200 sqft. Monthly rental income of $10, 050 as Dec 2023, with an annual income of $117, 300 and an NOI of $105, 089.20. Minimal maintenance. Rents have room for increase, tenants have been consistent for years. This is a reliable income generating investment that will only continue to grow in equity and income. Especially being located in the heart of the fastest growing city in the McAllen-Edinburg-Mission metropolitan area: the fastest growing metropolitan area in Texas! You won't find a better long term commercial investment.
Repairs YN:
Retail SqFt:
7350
Road Frontage Type:
City Street
Road Surface Type:
Roof:
Composition Shingle
Room Office Area:
0
Security Features:
Security Deposit:
Sewer:
Spa Features:
Special Listing Conditions:
Status:
Active
Street Dir Prefix:
E
Street Dir Suffix:
Street Number:
409
Street Suffix:
Street
Tax Annual Amount:
$16,062
Tax Year:
2023
Unit Number:
Unit SqFt:
Utilities:
Virtual Tour URL Branded:
Virtual Tour URL Unbranded:
Warehouse SqFt:
0
Water Comments:
Water Source:
Waterfront Features:
Waterfront YN:
Window Features:
Display Window(s)
Year Built:
2008
Zoning:
CO
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