Downtown Mixed-Use Income
700 S Main Street McAllen, TX 78501
For Sale
$350,000
COMMERCIAL - McAllen, TX
Property Size2,400 SF
Lot Size0.08 Acres
Price / SF$145.83
Days on Market75
Property Features for 700 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 8
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- M195000060000601
- Size
- 2,400 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3868
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Building materials
- Block, Stucco
- Roof type
- Flat
Listing Agency:
Dolce Vita Realty
(956) 322-8478
Listed By:
Olga L Arriaga
(956) 827-5025
Added: May 11
Last Checked: Jul 24 at 6:06PM
MLS# 502106
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This downtown commercial building contains two leased units. The unit facing Main St. operates as a restaurant with a dining area and kitchen, and the rear space is leased to an office tenant. The property is currently 100% occupied by stable, long-term tenants, supporting income-producing use.
The building is located directly across from McAllen City Hall and is only minutes from South 10th Street. The listing notes it is also a short drive from the Expressway and an upcoming retail and community center.
With a compact downtown site and two distinct in-place tenants, the property offers a straightforward two-unit configuration for continued occupancy.
The building is located directly across from McAllen City Hall and is only minutes from South 10th Street. The listing notes it is also a short drive from the Expressway and an upcoming retail and community center.
With a compact downtown site and two distinct in-place tenants, the property offers a straightforward two-unit configuration for continued occupancy.
Key Highlights
- Downtown McAllen commercial building directly across from McAllen City Hall
- Two‑unit layout with 100% occupancy and stable, long‑term tenants
- Front unit facing Main St. operates as a restaurant with dining area and kitchen
Financial Insights For Office B
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 | $50.4k | $21.00 |
| − Vacancy | −$7.6k | −$3.15 |
| EGI | $42.8k | $17.85 |
| − OpEx | −$10.7k | −$4.46 |
| NOI | $32.1k | $13.39 |
2,400 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$524.3K
$458.8K – $611.7K
NOI $36,703 @ 7.0% cap · market cap 10.49%
Second Best
Office B
$459.0K
$401.6K – $535.5K
NOI $32,130 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Old Church Winery
Hotel & Motel
Restaurante Mi lindo ...
Restaurant
La cuchara
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Two-unit commercial building with a Main Street-facing restaurant and a rear office tenant, 100% occupied.
Where is this conventional restaurant located?
The property is located at 700 S Main Street McAllen, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Downtown McAllen commercial building directly across from McAllen City Hall; Two‑unit layout with 100% occupancy and stable, long‑term tenants; Front unit facing Main St. operates as a restaurant with dining area and kitchen
