711 E BUSINESS 83, WESLACO, TX 78596
Homes for sale in Weslaco.
Homes for sale in 78596.
List Price$1,050,000
711 E Business 83
Weslaco, TX 78596
Listing #476207
18,912
Square Feet
Commercial
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)
Additional Equipment
Pole Sign
Floors
Carpet, Hardwood
Appliances
Electric Water Heater, Water Heater (Other Location)
Exterior Features
Construction
Brick, Wood Siding
Lot Description
See Remarks
Exterior
Mature Trees, Other, Workshop
Lot Size in Acres
2.21
Roof
Composition Shingle, Flat
Lot Size in Sq. Ft.
96,267
Possession
Closing and Funding
Present Use
Hotel/Motel
Parking Description
Blacktop
Buildings
Storage
Has Garage
Yes
Energy Features
None
Garage Spaces
50
Road Frontage
City Street
Parking Spaces
50
Additional Information
Property Type
COM
Units in Complex
1
Property SubType
Commercial
Taxes
25541
Year Built
1985
Tax Year
2020
APN
326439
Square Feet Source
HidalgoCAD
Status
Active
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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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