Retail Space in Alton
515 W Main Ave, Alton, TX 78573
For Sale
Contact for pricing
Prime retail space in high-traffic Alton location.
Property Size7,836 SF
Days on Market358
Property Features for 515 W Main Ave
General Information
Standard status
Size
Property subtype
Lease Term
Building Details
Building Size
Year Built
Properties For Sale
at 515 W Main Ave Contact us1,100 SF Retail Space | Alton TX
Size
1,100 SF
Type
Strip Center
Term
36 months
2,630 SF Retail Space | Alton TX
Size
2,630 SF
Type
Strip Center
Term
36 months
Listing Agency:
SVN | Hanna Solutions Commercial Real Estate
Listed By:
Mark Hanna, CCIM · License TX #9007459
(956) 821-8001
Source:
Svn
Added: Nov 21, 2025
Changed: Sep 4
Last Checked: Sep 4 at 1:49AM
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 SVN | Hanna Solutions Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 515 W. Main Avenue, Alton, TX 78573, Space #3 at Alton Plaza offers 2,630 square feet of retail space. Constructed in 2017, this retail center is positioned on a 0.56-acre corner lot at the intersection of Main Avenue and Georgia Street. The property is situated directly adjacent to a high-traffic Stripes convenience store. The location benefits from its position on a high-traffic main corridor, providing exceptional visibility. The property is suitable for retail or neighborhood services. The location is surrounded by dense residential housing and offers ample surface parking.
Key Highlights
- Prime location on a high‑traffic corner (Main Avenue & Georgia Street) with exceptional visibility.
- Newer construction (built in 2017) retail space.
- High‑traffic location adjacent to a Stripes convenience store.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,803
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,116,060
$2.1M
Cap Rate 7%
$1,511,471
$1.5M
Cap Rate 9%
$1,175,589
$1.2M
Market Conditions
NOI Build-Up for 7,836 SF
Gross rent
$160.8K $20.52/SF
− Vacancy
−$9.6K −$1.23/SF
EGI
$151.1K $19.29/SF
− OpEx
−$45.3K −$5.79/SF
NOI
$105.8K $13.50/SF
Area
Hidalgo County, TX
Vacancy
6.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,116,060
Cap Rate 7%
$1,511,471
Cap Rate 9%
$1,175,589
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,803 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $192,954 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Hidalgo County, TX
Properties on Market for Retail space in Hidalgo County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Prime retail space in high-traffic Alton location.
Where is this retail space located?
The property is located at 515 W Main Ave Alton, TX.
What are key features of this property?
This property features: Prime location on a high‑traffic corner (Main Avenue & Georgia Street) with exceptional visibility.; Newer construction (built in 2017) retail space.; High‑traffic location adjacent to a Stripes convenience store.
