Description
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. of rentable space. There are four existing tenants including Fast Eddie's, 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
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0BEDS
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3.84ACRES
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0BATHS
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01/2 BATHS
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21,341SQFT
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$136$/SQFT
School Ratings & Info
Description
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. of rentable space. There are four existing tenants including Fast Eddie's, 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
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. Data last updated: 2021-09-26T08:16:27.607.