8422 Business 77 N - Freestanding FOR SALE


Lyford, TX 78569
$125,000 USD
305-206-1286
8422 Business 77 N, Lyford, TX for Sale
$125,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

8422 Business 77 N
Lyford, TX 78569


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Dollar General | Built 2010 | 1.8 Acres | AUCTION SEPTEMBER 8-10, 2025
  • 9,209 SF Freestanding Value-Add Retail Available at Substantial Discount Below Replacement Cost
  • Built in 2010; Former Dollar General with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Access to I-69E with 19,468 VPD and Surrounding Traffic Generators: Subway, Lyford Schools, City Hall, Police Dept, and more
  • Strategic Highway Frontage and Visibility on Business 77E with Traffic Counts of 3,935 VPD
  • Zoned C-2 General Commercial District with a Variety of Uses

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 8422 Business 77 N in Lyford, Texas 78569 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a well-located commercial asset at a substantial discount. FIRST BID MEETS RESERVE! Built in 2010, the Property comprises a one-story, free-standing retail building totaling ±9,209 gross square feet, with 28 standard parking spaces and 2 ADA spaces, situated on a ±1.759-acre parcel (±76,633 SF). The site offers excellent accessibility via two curb cuts and features a prominent pylon sign along 375 feet of frontage on Business Highway 77 (±3,935 VPD), a major arterial road visible from US-77/HWY-69E (±19,468 VPD). Previously leased to Dollar General under a triple net (NNN) structure, the Property presents a compelling value-add opportunity for investors or owner/users to re-lease the space at market rents (CoStar estimated retail rates: $16/SF NNN). Zoned “C-2” General Commercial, the Property supports a wide range of retail and commercial uses, offering strong flexibility for a variety of business types. The oversized parcel may also accommodate future development or parcelization, creating an additional potential revenue stream. The Property is located in Lyford, TX, within a rural yet well-connected corridor strategically positioned along the north side of Business Highway 77, a primary arterial serving the City of Lyford and the surrounding Willacy County region. Lyford, recognized for its agricultural roots and strong community ties, is part of the fast-growing Rio Grande Valley, one of Texas’s most dynamic regions. The site enjoys visibility from US-77/HWY-69E and sits just ±0.5-mi from Exit 42B, providing immediate access to the expressway. Additionally, it is located approximately ±2-mi from a major on-ramp for US-77/HWY-69E, enabling seamless regional connectivity. The Property also benefits from proximity to Raymondville (±5-mi), the county seat and center for government services and commerce; Harlingen (±18-mi), a key retail and industrial hub; and McAllen (±45-mi), a thriving metropolitan area with significant economic momentum. It is also just ±65-mi from Reynosa, Mexico, an active cross-border trade region. Popular recreational destinations such as Laguna Atascosa National Wildlife Refuge (±30-mi) and South Padre Island (±45-mi) help support year-round traffic and local spending. Within a 3-mi radius, the Property serves ±3,090 residents with an average household income of approximately $72,500, while the 5-mi population expands to ±13,931 residents providing a solid consumer base for a variety of retail and service-oriented businesses.

FOR SALE DETAILS

PRICE

$125,000 USD

PRICE/SF

$14 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction -REIT Sale | Former Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,692 SF

ZONING

C-2

APN/PARCEL ID

60979

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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