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Mustang Lounge Night Club @ 3610 East Expressway 83

Property Overview

Price/Rent PSF $ 2,495,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 13680.00
Date Available 11/14/2018
Additional URL Link
Floors 2
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Description

Location
Located in Weslaco, Texas in the heart of the Rio Grande Valley, Mustang Lounge is midway between the cities of McAllen and Harlingen and attracts business Valley­wide. Positioned along Interstate 2, Expressway 83, traffic count is exceptional, surpassing 55,000 cars daily. Nearby on Expressway 83, a $50 million major retail project was recently completed, adding significant value and a bright outlook for the area.

Sale
Harrell & Associates – KW Commercial, South Texas would like to announce our new listing of the Mustang Lounge Night Club located at 3610 East Expressway 83 in Weslaco, Texas.

The subject property is currently being operated as the Mustang Lounge Night Club and the real estate is for sale only. The owners will negotiate regarding the business and personal property.

The property consists of two adjacent sites totaling 2.95 acres, or roughly 128,645 square feet, with 408.33' of good ­access frontage in which 55,230 vehicles pass by daily according to the 2015 TxDOT research.. The building site contains 1.76 acres while the vacant site contains 1.18 acres. The owners will entertain selling the building only without the vacant land.

The building is about nine years old and is durably constructed with a steel frame and steel joists & purlins on a steel I­beam reinforced concrete slab (grade foundation). With approximately 10,030 square feet on the ground floor, there is an additional 2,896 square feet on the second floor. Ceiling height is about 18' in most of the ground floor. The entire building has central heat and air, and an effective smoke filtration system is in place. The building is fully fire sprinklered. A garage with an overhead door allows for extra storage and parking of a trailer or larger vehicle. An elevator shaft is in place for future installation of an elevator if desired.

The property is currently a popular live music entertainment venue, Mustang Lounge, which features a beautiful maple dance floor, a full stage for bands, quality sound and lighting systems, a billiard room, full bar, a complete kitchen, and inviting and durable furniture for comfortable seating. Alluring, wall­-sized hand­-paintings of Spanish Mustangs adorn and embellish the already nicely decorated interior.

Zoning is B2, which is one of the least restrictive zoning designations in Weslaco, allowing for many commercial uses, including office, retail, restaurant, as well as residential. Or a strip center could be built on the vacant adjacent property for lease income, and it could be used as overflow parking at night for a robust nightclub business.

This property is priced to sell, so please contact the South Texas Division of Harrell & Associates at (210) 377-1115 for complete information on the Mustang Lounge Night Club!

Location (Click here to view the location on the map.)
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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