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c.2021:NAI Rio Grande Valley or Assignees

The retail plaza at the northwest corner of N Closner Blvd and W Schunior St is on the market. This center is on 3.84 acres and has 21,341 ft.² of rentable space. There are four existing tenants including Fast Eddies, an Adult Daycare, a laundromat and a freestanding Subway restaurant. The leases for these tenants expire in 2021 and 2024. Combined these uses are generating an effective gross income of $247,000 per year. Net operating income after deduction of taxes, insurance, management fees, utilities and CAM, is $176,525. The center is nine blocks North of the new Hidalgo County courthouse which is under construction, and 1/2 mile from the UTRGV campus. There are over 55,000 people and 17,000 households within a 3-mile radius of the site. TAX GEO ID:V2900-00-001-0001-00 & E3200-00-00B-0005-01
MLS#: 329706
Price:  $2,900,000
Baths:  0.00
Sq Ft:  21341 SF
Lot Size:  3.84 acres
Zoning: C
Subdivision: VECTOR
Year Built: 1977
Map location from available data. Location should be verified. Click map for interactive view.

NAI Rio Grande Valley

Laura Paz

McAllen, TX | 78501

Direct: (956) 227-8000
Office: (956) 994-8902

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