Listed by eXp Realty
$1,600,000
12205 N Fm 88
Details
APN W380000412000003
Property Type Office, Retail
Sub Type Traditional Office, Executive Office
Square Footage 14,699
Cap Rate 9.19%
Tenancy Multi
Lease Type Gross
Year Built 2015
Acreage 1.940
Parking Spaces 46 spaces
Parking per 1,000 SqFt 3.13
Prime Strip Center Investment Opportunity in the Growing Weslaco/Elsa Corridor!
Marketing description
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!
Listing Contacts
Listed by eXp Realty
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