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    300 Main St McAllen, TX 78501

    For Sale
    $5,000,000

    Historic building, secured income, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located at 300 S Main Street in McAllen, Texas, presents a compelling investment opportunity. The three-story building, constructed in 1949, boasts a substantial 50,000+ square feet of space on a 0.4-acre lot. Its prime downtown location offers unparalleled visibility and accessibility, situated just minutes from McAllen City Hall. Currently generating rental income with a secured lease for the next three years, this property offers immediate cash flow and significant long-term potential. The historic character of the building provides a unique opportunity to either preserve its charm while maximizing revenue or to undertake a complete renovation to suit a variety of commercial uses. The asking price is $5,000,000, and seller financing may be available. This is a rare chance to acquire a landmark property in a thriving Texas city, offering both immediate return and substantial future growth potential. The property's zip code is 78501, and it is situated in Hidalgo County. This is a truly unique opportunity to own a piece of McAllen's history and shape its future.

    Property Features for 300 Main St

    General Information

    Property type
    Land
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1949

    HighLights

    • Prime downtown McAllen location at 300 S Main Street, offering exceptional visibility and accessibility.
    • Three‑story, 50,000+ square foot building on a 0.4‑acre lot, built in 1949.
    • Currently generating rental income with a three‑year lease, providing immediate cash flow.
    • $5,000,000 asking price with potential seller financing.
    • Located in Hidalgo County, TX, zip code 78501.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Traditions Furniture & Home ... Furniture Accessories

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.235248
    Latitude
    26.201244

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    FAQs

    What type of property is this?
    Land - Historic building, secured income, prime location
    Where is this land located?
    The property is located at 300 Main St McAllen, TX.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Prime downtown McAllen location at 300 S Main Street, offering exceptional visibility and accessibility.; Three-story, 50,000+ square foot building on a 0.4-acre lot, built in 1949.; Currently generating rental income with a three-year lease, providing immediate cash flow.
    Request Owner's contact information
    300 Main St McAllen, TX 78501
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    McAllen, TX 78501
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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
    300 Main St McAllen, TX 78501
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