711 E BUSINESS 83, WESLACO, TX 78596
Homes for sale in Weslaco.
Homes for sale in 78596.
711 E Business 83
Weslaco, TX 78596
List Price$1,050,000
Listing #465218
18,912
Square Feet
59
Number of Units
House
Type
About This Property
Presenting a prime investment opportunity in the thriving area of Weslaco, Texas, this expansive hotel/motel complex is strategically situated across three addresses: 709, 711, and 713 E Business Highway 83. Nestled on over three acres, this versatile property boasts 40 well-appointed hotel rooms complemented by ten apartment complexes. Its strategic positioning off the expressway ensures easy access and high visibility, making it an ideal candidate for redevelopment or new ventures. A significant feature of this property is the expansive vacant land, equipped with ten water and ten electric connections, offering substantial frontage that beckons development. This is an unparalleled opportunity for developers or investors interested in remodeling and maximizing the property's full potential. Priced to sell, this commercial gem offers a canvas for visionary investors to create a landmark destination in a burgeoning area.
Property Features
Location Information
County
Hidalgo
Directions
Merge onto E Expressway 83/U.S. 83 Frontage Rd S, Turn right onto N Bridge Ave, Turn left onto E Business 83, the motel will be on the right.
Subdivision
West Tract
Interior Features
Cooling
Window Unit(s)
Appliances
Electric Water Heater, Water Heater (Other Location), No Conveying Appliances
Floors
Carpet, Hardwood
Total Number of Units
59
Laundry
Laundry Area
Features
None
Exterior Features
Construction
Brick, Wood Siding
Garage Spaces
0
Exterior
Mature Trees, Other, Workshop
Parking Spaces
0
Foundation
Slab
Fencing
Privacy
Roof
Composition Shingle, Flat
Lot Description
Irregular Lot, Mature Trees
Possession
Closing and Funding
Lot Size in Acres
2.21
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
96,267
Water
Public
Buildings
Laundry Facility, Office, O
Security Features
Smoke Detector(s)
Energy Features
None
Parking Description
No Carport, No Garage
Road Description
Paved
School
Elementary School District
Weslaco ISD
Middle School
Armando Chapa
Elementary School
Roosevelt
High School
Weslaco East H.S.
Additional Information
Property Type
SFR
Units in Complex
9
Property SubType
Apartment
Taxes
25541
Year Built
1985
Tax Year
2020
APN
326439
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$4,903
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,783
Monthly Tax
$875
Monthly Insurance
$245
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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