Downtown McAllen Hospitality
For Sale
Contact for pricing
519 S 17th Street, McAllen, TX 78501
Turnkey restaurant/bar in McAllen's vibrant arts district.
Property Size7,136 SF
Price / SF$210.20
Days on Market161
Property Features for 519 S 17th Street
General Information
Standard status
Active
Size
7,136 SF
Property subtype
Retail
Building Details
Year Built
2004
Listing Agency:
The Agency Austin, LLC
(956) 606-4688
Listed By:
Myra Caridad Garcia · License #719556
Source:
Crexi
Added: Feb 24
Changed: Jul 6
Last Checked: Aug 3 at 12:31PM
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 The Agency Austin, LLC
Investment Insights
Based on property information with market context.
Located in downtown McAllen's arts and fine dining district, this commercial property is currently operating as Tabu Bistro Lounge. The 7,136-square-foot building features a designed interior with multiple distinct environments suitable for chef-led dinners, private events, and upscale nightlife. The aesthetic includes greenery, woven pendant lighting, and a high-definition digital ceiling display. A high-capacity commercial kitchen is equipped with industrial ventilation and stainless steel prep areas. Multiple bar stations, including a custom stone-front service bar, are positioned for high-volume service. The property is situated in a high-traffic corridor within McAllen’s growing cultural center, making it suitable for bars, pubs, conventional restaurants, and other commercial real estate ventures.
Key Highlights
- Prime location in the heart of McAllen's thriving arts and fine dining district.
- Turnkey opportunity for high‑end hospitality, currently operating as a popular bistro lounge.
- Masterfully designed interior with multiple distinct environments for diverse events.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.1k | $21.60 |
| − Vacancy | −$8.6k | −$1.21 |
| EGI | $145.5k | $20.39 |
| − OpEx | −$36.4k | −$5.10 |
| NOI | $109.1k | $15.29 |
7,136 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $109,129 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,641 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey restaurant/bar in McAllen's vibrant arts district.
Where is this bar & pub located?
The property is located at 519 S 17th Street McAllen, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location in the heart of McAllen's thriving arts and fine dining district.; Turnkey opportunity for high‑end hospitality, currently operating as a popular bistro lounge.; Masterfully designed interior with multiple distinct environments for diverse events.
