Bar Space in Entertainment
New
For Sale
Contact for pricing
202 S 17th Street, McAllen, TX 78501
The interior can be adapted for a bar or pub concept.
Property Size2,954 SF
Price / SF$0.85
Days on Market6
Property Features for 202 S 17th Street
General Information
Standard status
Active
Size
2,954 SF
Property subtype
Commercial
Building Details
Year Built
1973
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texus Realty
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Investment Insights
Based on property information with market context.
This 2,954-square-foot bar space at 202 S 17th Street dates to 1973. Its interior is available for a customized build-out, and the property previously operated as OMG bar.
The space is in downtown McAllen’s entertainment district, next to Noxx and among other bars and restaurants.
The space is in downtown McAllen’s entertainment district, next to Noxx and among other bars and restaurants.
Key Highlights
- 2,954 square feet of bar space
- Located at 202 S 17th Street in downtown McAllen’s entertainment district
- Next to Noxx and surrounded by bars and restaurants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,175
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,500
$903.5K
Cap Rate 7%
$645,357
$645.4K
Cap Rate 9%
$501,944
$501.9K
Market Conditions
NOI Build-Up for 2,954 SF
Gross rent
$63.8K $21.60/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$60.2K $20.39/SF
− OpEx
−$15.1K −$5.10/SF
NOI
$45.2K $15.29/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,500
Cap Rate 7%
$645,357
Cap Rate 9%
$501,944
Alternative Uses
Best Use
Specialty Retail
$645.4K
$564.7K – $752.9K
NOI $45,175 @ 7.0% cap · market cap 1,807.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.1K
$701.9K – $935.8K
NOI $56,150 @ 7.0% cap · market cap 2,246.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,702
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Gibby's Lounge and Bites — 1120 S 10th St, McAllen, TX 78501
- Monster Bar & Grill — 800 S 10th St, McAllen, TX 78501
- A&C Private Club — 620 S 23rd St, McAllen, TX 78501
- Broncos Lounge — 632 s 23rd st, mcallen, tx 78501
- Pecado Night Club — 613 S 17th St, McAllen, TX 78501
Frequently Asked Questions
What type of property is this?
Bar & Pub - The interior can be adapted for a bar or pub concept.
Where is this bar & pub located?
The property is located at 202 S 17th Street McAllen, TX.
What are key features of this property?
This property features: 2,954 square feet of bar space; Located at 202 S 17th Street in downtown McAllen’s entertainment district; Next to Noxx and surrounded by bars and restaurants
