2408-2504 N Conway Ave - Storefront Retail/Office FOR SALE


Mission, TX 78574
$2,653,627 USD
713-452-4352
2408-2504 N Conway Ave, Mission, TX for Sale
$2,653,627 USD
Storefront Retail/Office - FOR SALE
1/8
null | 6.75% Cap Rate

2408-2504 N Conway Ave
Mission, TX 78574


HIGHLIGHTS

  • Significant Upside Through Below-Market Rents
  • Premium Location on a High-Traffic Corridor
  • Strong National Tenant Presence and New Development
  • Dense Population and Sustained Growth
  • Major Economic and Industrial Expansion

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale the North Conway Professional Plaza, a medical retail center strategically located on North Conway Avenue, one of the most heavily trafficked thoroughfares in Mission, Texas. The property sits within a high-growth corridor surrounded by national retailers and significant new development activity, making it a compelling opportunity in the rapidly expanding Rio Grande Valley market. The property offers investors the ability to generate stable cash flow from day one, while simultaneously capturing meaningful upside through increasing below-market rents to current market rates, a rare combination of stable income and value-add potential in one of South Texas’ fastest-growing markets.

FOR SALE DETAILS

PRICE

$2,653,627 USD

PRICE/SF

$208 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Conway Professional Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

C-3

APN/PARCEL ID

B2638-00-000-0003-00

ASK ABOUT THIS PROPERTY

Cole VoylesMarcus & MillichapMore Info
713-452-4352

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Cole VoylesMarcus & MillichapMore Info
713-452-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.