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    505 Nolana Ave McAllen, TX 78504

    For Sale
    $230,000

    High-visibility, 1500 sq ft commercial space.

    Property size:
    1,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1,500 square foot commercial property, situated on a 0.13-acre lot at 505 W Nolana Avenue in the vibrant city of McAllen, Texas, presents a compelling investment opportunity. The building boasts a thoughtfully designed layout, perfect for a variety of commercial ventures. Three private offices offer ample space for individual work or team collaboration, while two bathrooms ensure convenience for employees and clients. A well-equipped kitchen area adds functionality, and a welcoming front lobby creates a positive first impression. The property's location in the heart of McAllen guarantees high visibility and easy accessibility, maximizing exposure to potential customers and clients. This prime location within McAllen offers significant advantages for businesses seeking to establish a strong presence in this thriving Texas city. The property's functional design, combined with its strategic location, makes it an ideal choice for entrepreneurs and established businesses alike, providing a solid foundation for growth and success. The asking price of $230,000 represents a significant value for a property of this caliber in such a desirable location. This is a rare opportunity to acquire a well-maintained and strategically positioned commercial property in the dynamic McAllen market.

    Property Features for 505 Nolana Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,500 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1979
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Diabetes Association Non-Profit Organization PANTHER TAX PROS Tax Preparation Service Set Apart Barber ... Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply 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
    -98.21873
    Latitude
    26.23801

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility, 1500 sq ft commercial space.
    Where is this commercial real estate located?
    The property is located at 505 Nolana Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $230,000.
    (956) 803-0341
    Request Owner's contact information
    505 Nolana Ave McAllen, TX 78504
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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
    505 Nolana Ave McAllen, TX 78504
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