Corner Lot Motel and
600 S 17th Street McAllen, TX 78501
600 S 17th Street, McAllen, TX, 78501
$700,000
For Sale
$700,000
Substantial corner property combining motel and office space with adaptable interior and multi-use redevelopment flexibility.
Property Size8,224 SF
Price / SF$85.12
Days on Market114
Property Features for 600 S 17th Street
General Information
- Standard status
- Active
- Size
- 8,224 SF
Listing agency
Texas Star Realty, LLC
(956) 478-9454
Listed by
Jesus Salazar
(956) 478-9454
Source
Exprealty
Added: Mar 31 Updated: Jul 22 at 12:18PM Checked: Jul 22 at 12:18PM
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 Texas Star Realty, LLC
Investment Insights
Based on property information with market context.
This corner-piece property combines motel and office building history with an adaptable interior totaling 8,224 sq. ft. The configuration supports flexible redevelopment planning, whether the end use is retail, office, medical, or hospitality.
Situated at the prime corner of 17th & Fresno in McAllen, Texas, the site’s prominent corner positioning is suited for concepts that benefit from visibility and street-level presence.
The offering presents a scaled platform within the existing motel and office framework, positioned for buyers and operators looking to pursue multi-stream income potential through one or more compatible uses.
Situated at the prime corner of 17th & Fresno in McAllen, Texas, the site’s prominent corner positioning is suited for concepts that benefit from visibility and street-level presence.
The offering presents a scaled platform within the existing motel and office framework, positioned for buyers and operators looking to pursue multi-stream income potential through one or more compatible uses.
Key Highlights
- Corner lot at 17th & Fresno with multi‑use redevelopment potential
- 8,224 SF interior space with adaptable layout for multiple business uses
- Property combines former motel and office complex characteristics
Local Financial Insights For Hotel Hospitality
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 | $148.0k | $18.00 |
| − Vacancy | −$29.6k | −$3.60 |
| EGI | $118.4k | $14.40 |
| − OpEx | −$62.2k | −$7.56 |
| NOI | $56.3k | $6.84 |
8,224 SF · lease $18.00/SF/yr · vacancy 20.00% · expense 52.50%
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.83M
NOI $110,099 @ 7.0% cap · market cap 15.73%
Second Best
Hotel Hospitality
$803.6K
$703.2K – $937.5K
NOI $56,252 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$2.23M
$1.95M – $2.61M
NOI $156,322 @ 7.0% cap · market cap 22.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Motels
Similar For Sale Nearby
Similar Off Market Nearby
- Comfort Suites At Plaza Mall — 800 W Expy 83, McAllen, TX 78501
- Motel 6 Mcallen, TX — 700 W Expy 83, McAllen, TX 78501
- Super City Event Center — 1522 w expy 83, mcallen, tx 78503
- Super 8 by Wyndham McAllen/Downtown/La Plaza Mall — 1505 S 9th St, McAllen, TX 78501
- Days Inn by Wyndham McAllen — 1421 S 10th St, McAllen, TX 78501
FAQs
What type of property is this?
Motel - Substantial corner property combining motel and office space with adaptable interior and multi-use redevelopment flexibility.
Where is this motel located?
The property is located at 600 S 17th Street McAllen, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Corner lot at 17th & Fresno with multi‑use redevelopment potential; 8,224 SF interior space with adaptable layout for multiple business uses; Property combines former motel and office complex characteristics
