Mixed-Use Building with
For Sale
$350,000
700 S Main Street, McAllen, TX 78501
Commercial Sale, McAllen, TX
Property Size2,400 SF
Lot Size0.08 Acres
Price / SF$145.83
Days on Market48
Property Features for 700 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
8
Appliances
Electric Water Heater
Subdivision
Mcallen Addition
Lot features
Downtown
Directions
From the intersection of Old 83 and 10th St. travel South turn right on Houston Ave and travel west. Turn right on Main St. Property will be on left at the corner of Main and Galveston across the street from McAllen City Hall.
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: Sep 4
Last Checked: Oct 21 at 1:06AM
MLS# 514438
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.
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Investment Insights
Based on property information with market context.
Built in 1982, this 2,400-square-foot mixed-use commercial building contains two separate units. The space along Main Street is configured as a restaurant with a dining area and kitchen, while the rear unit is leased for office use. The building is currently 100% occupied by two tenants, including long-term occupancy in both spaces.
The property sits across from McAllen City Hall in downtown McAllen, with access to South 10th Street and a short drive to the Expressway. Construction includes block and stucco, with a flat roof, central heating, and central air conditioning. The site encompasses 0.0803 acres and includes an electric water heater.
The property sits across from McAllen City Hall in downtown McAllen, with access to South 10th Street and a short drive to the Expressway. Construction includes block and stucco, with a flat roof, central heating, and central air conditioning. The site encompasses 0.0803 acres and includes an electric water heater.
Key Highlights
- 2,400‑square‑foot mixed‑use commercial building
- Two‑unit configuration with restaurant and office spaces
- Restaurant unit includes dining area and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,130
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
$642.6K
Cap Rate 7%
$459,000
$459.0K
Cap Rate 9%
$357,000
$357.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$50.4K $21.00/SF
− Vacancy
−$7.6K −$3.15/SF
EGI
$42.8K $17.85/SF
− OpEx
−$10.7K −$4.46/SF
NOI
$32.1K $13.39/SF
Area
McAllen, TX
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,600
Cap Rate 7%
$459,000
Cap Rate 9%
$357,000
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 authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,465
Businesses Nearby
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 Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied property combines restaurant and office use in a downtown commercial setting.
Where is this mixed-use property 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: 2,400‑square‑foot mixed‑use commercial building; Two‑unit configuration with restaurant and office spaces; Restaurant unit includes dining area and kitchen
