Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    111 23Rd St McAllen, TX 78501

    Sponsored
    For Sale
    $2,000,000

    Prime McAllen investment opportunity: 7-unit complex.

    Property size:
    12,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 111 N 23rd Street in McAllen, Texas, presents a lucrative investment opportunity. The 12,300 square foot complex, built in 2017, sits on a substantial 36,234.079 square foot lot. The property is comprised of seven individual units, currently 100% occupied, offering immediate cash flow. Four units, each approximately 1,200 square feet, face North 23rd Street, while three larger units, each approximately 2,500 square feet, face Beech Avenue. Each unit is a "white box" open warehouse space with one bathroom and a separate electric meter, providing flexibility for various tenants. The property's strategic location at the southwest corner of Beech Street and North 23rd Street in McAllen, TX (zip code 78501) ensures high visibility and accessibility. The asking price for this exceptional commercial center is $2,000,000. This property is classified as Retail, Office, Industrial, and Land, encompassing Commercial, Executive Office, and Warehouse subtypes. The property's strong occupancy rate and versatile unit configurations make it an ideal investment for discerning buyers seeking a high-return asset in a thriving Texas market.

    Property Features for 111 23Rd St

    General Information

    Property type
    Distribution properties
    Square Feet
    12,300 SF

    Building Details

    Year Built
    2017

    HighLights

    • 12,300 SF commercial complex on a 36,234 SF lot in McAllen, TX.
    • Seven individual units, 100% occupied, generating immediate cash flow.
    • Four 1,200 SF units and three 2,500 SF units, all "white box" warehouse spaces with private baths and meters.
    • High‑visibility corner location at N 23rd & Beech Streets (78501).
    • $2,000,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Helios Crossfit Physical Fitness Program CLASSY GENTLEMENS BARBERSHOP Barber Shop Step-It-Up Nutrition Health Consultant Titan Personal/Group Training ... Gym The Clark Factor Math ... Tutoring Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2455481
    Latitude
    26.2070672

    Nearby Similar for Sale

    • New
      $460,000
      3,024 SF

      Modern Triplex: Investment Opportunity

      Well-maintained triplex built in 2023, fully leased, immediate income.
      2208 Galveston Ave, McAllen, TX 78501
      View Details
    • $1,025,000
      Pending

      Multi-Suite Commercial Property in McAllen

      High-visibility commercial property with warehouse space and income potential.
      1101 E Dallas Ave, McAllen, TX 78501
      View Details
    • $800,000
      4,963 SF

      McAllen Office Building For Sale

      Freestanding office building in North McAllen with two units.
      6316 N 10Th St, McAllen, TX 78504
      View Details
    • $949,000
      Pending

      Finished Office Space Near Nolana

      Spacious, high-end office ideal for legal or professional practices.
      1305 E Nolana Ave, McAllen, TX 78504
      View Details
    • $675,000
      4,008 SF

      McAllen Multifamily in Historic District

      Renovated 5-unit apartment complex in McAllen's prime downtown location.
      502 N 15Th St, McAllen, TX 78501
      View Details
    • $2,900,000
      7,890 SF

      Profitable Auto Shop on Trenton

      Fully operational oil and lube business on high-traffic Trenton Road.
      2600 Trenton Rd, McAllen, TX 78504
      View Details
    • $279,900
      2,838 SF

      McAllen Fourplex Investment Opportunity

      Four-unit property near South Texas College and McAllen Convention Center.
      225 N 28Th St, McAllen, TX 78501
      View Details
    • $379,000
      2,349 SF

      McAllen Duplex Built in 2016

      Well-maintained duplex in McAllen, TX, with modern amenities and tenant occupancy.
      308 N 17Th St, McAllen, TX 78501
      View Details
    • New
      $2,800,000
      14,975 SF

      Prime Corner Property in McAllen

      Two buildings and a parking lot in downtown McAllen.
      120 S Broadway St, McAllen, TX 78501
      View Details
    • $5,000,000
      13,585 SF

      Established Restaurant in High Traffic Area

      Well-established restaurant in McAllen, TX, near hotels and the airport.
      601 Expressway 83 W, McAllen, TX 78503
      View Details
    • $750,000
      2,631 SF

      McAllen Commercial Building on Corner

      Free-standing commercial building with high visibility and traffic counts.
      3620 Buddy Owens Ave, McAllen, TX 78504
      View Details
    • $1,750,000
      19,800 SF

      Income-Producing Warehouses with Renovated Home

      2.81 acres with warehouses, residence, and income potential.
      10701 N Ware Rd, McAllen, TX 78504
      View Details

    FAQs

    What type of property is this?
    Distribution property - Prime McAllen investment opportunity: 7-unit complex.
    Where is this distribution property located?
    The property is located at 111 23Rd St McAllen, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 12,300 SF commercial complex on a 36,234 SF lot in McAllen, TX.; Seven individual units, 100% occupied, generating immediate cash flow.; Four 1,200 SF units and three 2,500 SF units, all "white box" warehouse spaces with private baths and meters.
    Request Owner's contact information
    111 23Rd St McAllen, TX 78501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 23Rd St
    McAllen, TX 78501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    111 23Rd St McAllen, TX 78501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.