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    6401 23Rd St McAllen, TX 78503

    For Sale
    $3,250,000

    Prime Retail Space, High Visibility, Income Potential

    Property size:
    20,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 20,500 square foot retail plaza presents a compelling investment opportunity in McAllen, Texas. Strategically located on the highly visible southeast corner of 23rd Street and Military Highway, within the Warehouse Kingdom Industrial Park, this property boasts significant traffic flow. The 2.21-acre lot provides ample space for expansion or future development. Currently, the plaza enjoys 32% occupancy, offering immediate passive rental income. This makes it an ideal acquisition for an owner-user seeking both commercial space for their own business and the benefit of additional rental revenue streams. The high visibility and prime location within a thriving industrial park ensure strong potential for attracting tenants and maximizing return on investment. Further details regarding current tenants, lease agreements, and financial performance are available upon request. This is a rare chance to secure a well-positioned commercial property in a rapidly growing area of McAllen. Don't miss this opportunity to capitalize on the strong demand for retail space in this high-traffic location. Serious inquiries only.

    Property Features for 6401 23Rd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    20,500 SF
    Lot Size
    96,268 SF

    Building Details

    Year Built
    2019
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Tranvia Restaurant dyn central Mobile Phone Repair Shop Cricket Wireless Authorized ... Cell Phone Store AM Mex Products ... Manufacturer La Casita De ... Mexican Restaurant

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Dental Office Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.25251
    Latitude
    26.14953

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Retail Space, High Visibility, Income Potential
    Where is this commercial real estate located?
    The property is located at 6401 23Rd St McAllen, TX.
    What is the asking price?
    The asking price for this property is $3,250,000.
    (956) 664-2121
    Request Owner's contact information
    6401 23Rd St McAllen, TX 78503
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    McAllen, TX 78503
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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
    6401 23Rd St McAllen, TX 78503
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