Industrial•Warehouse/Distribution•For Sale or Lease

Neon Cactus

205 E Business 83, Weslaco, Texas 78596

Sale Price $475,000
Lease Rate $7.11 /SqFt G
Sale Type Owner User
Zoning Commercial
Bldg Type Multi-Tenant
Year Built 1980
Stories 2
Cap Rate 9.51%
Vacancy 100%
Gross Bldg 6,965 SqFt
Total Avail 5,569 SqFt
Avail 5,569 to 0 SqFt
Contig Space 5,569 SqFt
Land Area .45 Acres
Avail Parking 5/1000SqFt
Drive In Doors 2
Net Op Inc $45,182
Market Rio Grande Valley
Sub-Market Weslaco
This ± 6,965 sf, multi-use flex space sits on the hard corner of the signaled Business 83/Illinois Ave intersection and offers business owners built-in advertising to the over 14,000 daily commuters that pass the building each and every day. The 28 parking spots (5 of which are shaded) on the North and West provide plenty of parking for employees and customers, and the grade level doors on the East/West create a continuos drive through the industrial portion of the building. The ± 1,396 sf of frontage retail is currently leased to a karate studio, and the remaining ± 5,569 sf is currently vacant. Approximately 30% of the ± 5,569 sf is office space, with a portion on the second floor that has a view of the ± 3,844 sf of industrial/warehouse space below. Overall, the prime location and exceptional versatility of this building make it a strong candidate for both owner-users and investors alike. This multi-use flex space sits on the hard corner of the signaled Business 83/Illinois Ave intersection and offers business owners built-in advertising to the over 14,000 daily commuters that pass the building each and every day. Available for lease are ± 3,844 square feet of light industrial/warehouse space and a contiguous ± 1,725 square feet of office space, for a total of ± 5,569 sf. The industrial/warehouse space features two grade level doors that create a drive through the space, from Illinois Ave on the East to the parking lot on the West. A portion of the office space is on the second floor which overlooks the industrial/warehouse space. The space is ideally suited for a gym, printing businesses, metal work, or cabinetry work. Situated on the hard corner, signaled intersection of Business 83 and S Illinois Ave, this retail/office/warehouse flex space boasts excellent visibility to more than 14,000 daily commuters.
  • Hard corner on signaled Business 83 intersection
  • 28 surface parking spaces (5 covered)
  • 2 grade level doors creating drive through
  • ± 6,965 total square feet
  • ± 1,396 square feet of Business 83 frontage retail
  • ± 1,725 square feet of office space
  • ± 3,844 square feet of industrial flex space
  • Hard corner of signaled intersection (14,000 AADT)
  • 2 grade level doors that create a drive through
  • ± 5,569 total square feet
  • ± 3,844 square feet of light industrial/warehouse space
  • Second floor offices overlook industrial/warehouse space

1 Spaces

Warehouse/Distribution
5,569 SqFt
$7.11 G
11/18/2019
1,725 SqFt
5,569 SqFt
10/23/2019 9:23:42 PM 1/20/2020 2:27:59 PM

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