Commercial Property for Sale in La Feria Texas 78559
300 Cub Circle, La Feria, Texas 78559
$2,250,000
$2,329 / sq ft Listed Oct 24, 2024
966 sqft
Building
19,372 sqft
Lot
About this property
Commercial Property for Sale in La Feria Texas 78559 is a multifamily for sale in La Feria, Texas, listed at $2,250,000. Key details: building size 966 sqft, lot size 19,372 sqft, property status Normal Sale, building status Existing. Listed by Eric Cortez of NAI Rio Grande Valley on LoopingCloud and last updated October 24, 2024.
Property Description:
An outstanding investment opportunity has arisen at 200 & 300 Cub Circle, La Feria, TX. These charming multifamily properties are located on two distinct lots that span 0.37 acres. They comprise (1) 4-plex and (2) 3-plex buildings per lot, meticulously maintained, offering two bedrooms and 1.5 bathrooms each, with 966 square feet of living space per unit. This property's combined total living area amounts to 19,372 square feet, hosting 20 units. The occupancy rate is currently at 90%. Take advantage of this remarkable opportunity to enhance your portfolio.
Agent Remarks: Each parking lot has a total of 18 parking spaces available.
Location Description:
Immersed in the heart of La Feria, TX, the location offers a vibrant community with an array of amenities for apartment living. Residents can explore nearby parks such as La Feria Nature Center, where they can enjoy walking trails and peaceful green spaces. The area also features a variety of dining options, including local favorites like El Gallito Restaurant and La Feria Mexican Restaurant, providing diverse culinary experiences. With convenient access to everyday conveniences and major roadways, the location provides a blend of comfort and accessibility to the wider Rio Grande Valley region. The dynamic surroundings make this area an inviting choice for apartment complex living.
Key highlights
- 19,372 SF low-rise
- 20 well-maintained residential units
- Prime location in La Feria area
- Strong 90% occupancy rate
- Appealing investment opportunity
- Proximity to key local amenities
- Well-suited for multifamily investor
- Attractive curb appeal
- Potential for value appreciation
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Building Size
- 966 sqft
- Lot Size
- 19,372 sqft
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$2,329
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,250,000 | - | - | - | - |
Features and amenities
Highlights
- 19,372 SF low-rise
- 20 well-maintained residential units
- Prime location in La Feria area
- Strong 90% occupancy rate
- Appealing investment opportunity
- Proximity to key local amenities
- Well-suited for multifamily investor
- Attractive curb appeal
- Potential for value appreciation
- Professional property management in place
Location
Address as shown by the lister.
Get directionsAbout this area - La Feria
- Population
- 9,151
- Housing units
- 4,194
- Land area
- 22.8 sq mi
- County
- Cameron
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadFrequently asked questions
What is the asking price of Commercial Property for Sale in La Feria Texas 78559?
Commercial Property for Sale in La Feria Texas 78559 is listed at $2,250,000. That works out to about $2,329 per square foot.
Where is Commercial Property for Sale in La Feria Texas 78559 located?
The property is in 300 Cub Circle, La Feria, Texas 78559, Cameron County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 966 sqft. The lot is 19,372 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Eric Cortez of NAI Rio Grande Valley listed this property. Use the Request Info button to send a message or call (956) 994-8900.
When was this listing published?
It was published on October 24, 2024 and last updated on October 24, 2024.
Listing information
- Listing ID
- CL-Texas-12550
- Published
- Oct 24, 2024
- Last updated
- Oct 24, 2024
- Views
- 534
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