5402 W Hwy 107

Located at 5402 W Hwy 107 in Mission, Texas.Property Overview: Presenting a prime investment opportunity at 5402 W Hwy 107, Mission, TX. This expansive 4.87-acre property features a 5,000 square-foot commercial building generating an annual income of $35,000, alongside a 1,720 square-foot residential house yielding $10,000 per year. The combined annual revenue stands at $45,000. Development Potential: With ample open space, the property is ideal for additional developments such as storage units, multi-family residences, or light industrial facilities. Its strategic location on Highway 107 ensures high visibility and accessibility, enhancing its appeal for various commercial ventures. Traffic Counts: Highway 107 is a significant thoroughfare in the Mission area, contributing to substantial daily traffic. According to TxDot, the average daily traffic volume is 19504. Demographics: Within a 1-mile radius, the area boasts a growing population of 1,609 with a mix of residential and commercial developments. Expanding to 3 and 5 miles, the demographics reflect a diverse and increasing population base of 28,488 and 106,549 supporting a variety of business opportunities. Pricing: Offered at $895,000, this property is priced below the appraisal district's assessed value, presenting significant value for investors seeking income-generating assets with room for development. This property at 5402 W Hwy 107 combines immediate rental income with substantial development potential, making it an attractive investment in the thriving Mission, TX market.