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    1606 23Rd St McAllen, TX 78503

    For Lease
    Contact for pricing

    Prime McAllen retail space, multiple units available.

    Lot size:
    42,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional retail opportunity in McAllen, Texas, presents 31,000 square feet of immediately available space within a larger 42,000 square foot building. Located at 1606 S 23rd St, McAllen, TX 78503, in Hidalgo County, this property offers flexible leasing options for businesses seeking a prominent location. Individual spaces range from a minimum of 11,000 square feet to a maximum contiguous space of 20,000 square feet, catering to a variety of retail needs. The property is classified as multi-tenant retail space, providing an ideal environment for businesses seeking synergy with complementary retailers. The building's total square footage is 42,000 square feet, indicating a substantial and well-established presence within the McAllen market. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses aiming to establish or expand their presence in this thriving Texas city. The property's address is easily accessible and benefits from strong local traffic patterns. This is a rare opportunity to secure high-quality retail space in a desirable McAllen location. Contact us today to learn more about leasing options and to schedule a viewing.

    Property Features for 1606 23Rd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,000 SF

    Unit(s) available at that property

    Space
    Available Space Endcap
    Size
    11,000 SF
    Space
    Available Space Inline
    Size
    20,000 SF

    HighLights

    • 42,000 SF retail center in McAllen, TX.
    • 11,000 SF endcap and 20,000 SF inline spaces available.
    • Lease rates available upon request.
    • Estimated NNN: $3.50 PSF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2489131
    Latitude
    26.1905789

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    FAQs

    What type of property is this?
    Retail property - Prime McAllen retail space, multiple units available.
    Where is this retail property located?
    The property is located at 1606 23Rd St McAllen, TX.
    What are key features of this property?
    This property features: 42,000 SF retail center in McAllen, TX.; 11,000 SF endcap and 20,000 SF inline spaces available.; Lease rates available upon request.
    Request Owner's contact information
    1606 23Rd St McAllen, TX 78503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1606 23Rd St McAllen, TX 78503
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