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    311 3Rd St McAllen, TX 78501

    For Sale
    $250,000

    Prime McAllen location, versatile commercial space.

    Property size:
    1,470 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1,470-square-foot commercial property, situated on a 0.11-acre lot at 311 N 3rd Street in McAllen, Texas, presents a unique investment opportunity. Currently configured as a machine shop specializing in blade sharpening, the building boasts a versatile layout ideal for a variety of commercial uses. Key features include a private office, two bathrooms, and a robust three-phase electrical system, ensuring ample power for demanding operations. The building is equipped with efficient air conditioning and a durable metal roof, minimizing maintenance costs. A large overhead door facilitates easy access for storage and material handling. Ample on-site parking is available for both employees and customers. The property's location on a busy section of Col Rowe Blvd. guarantees high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in McAllen's thriving commercial landscape. The asking price of $250,000 represents a compelling value for this well-maintained and strategically located commercial building. This is a rare opportunity to acquire a functional and adaptable space in a prime McAllen location.

    Property Features for 311 3Rd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,470 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1999
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A & B Salinas Saw ... Saw Sharpening Service

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.22174
    Latitude
    26.20533

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    FAQs

    What type of property is this?
    Commercial real estate - Prime McAllen location, versatile commercial space.
    Where is this commercial real estate located?
    The property is located at 311 3Rd St McAllen, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    (956) 992-9120
    Request Owner's contact information
    311 3Rd St McAllen, TX 78501
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    McAllen, TX 78501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 3Rd St McAllen, TX 78501
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