Property profile

313 3Rd St McAllen, TX 78501

OFF-MARKET
Commercial real estate
1,900 SF 0.11 ac lot Built 1978
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Property summary

AI-generated overview

This exceptional McAllen commercial property, located at 313 N 3rd Street, offers a unique investment or owner-user opportunity. The 1,900 square foot building sits on a 0.11-acre lot and is currently divided into two distinct sections, each boasting its own private bathroom and office space. This versatile layout presents significant potential for generating rental income, making it an ideal investment property. Alternatively, an owner could occupy one section while leasing the other, creating a dual-income stream. The building's solid construction and convenient McAllen location contribute to its strong appeal. The asking price of $250,000 represents a compelling entry point into the McAllen commercial real estate market. This property is well-suited for a variety of businesses and offers a flexible configuration to accommodate diverse needs. Its current division into two separate units with private amenities simplifies management and maximizes rental potential. The property's size and location make it an attractive option for both investors seeking a strong return and business owners looking for a combination of workspace and income generation. Serious inquiries are encouraged to explore this promising investment opportunity further.

Property profile

Verified
Property type Commercial real estate
Year built 1978
Total area 1,900 SF
Lot 0.11 ac (4,792 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods

Location

313 3Rd St McAllen, TX 78501
McAllen metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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