McAllen Income-Producing Commercial
For Sale
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1501 N 23rd St, McAllen, TX 78501
Income-producing property with drive-thru in fast-growing McAllen, Texas.
Property SizeContact for details
Days on Market708
Property Features for 1501 N 23rd St
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$72,878
Building Details
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Rio Grande Valley
Listed By:
Benny Dominguez · License #566446
(956) 607-2300
Source:
Crexi
Added: Nov 13, 2024
Changed: Oct 16
Last Checked: Oct 20 at 6:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Rio Grande Valley
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Investment Insights
Based on property information with market context.
Located on North 23rd Street in McAllen, Texas, this income-producing property presents a long-term investment opportunity. McAllen is experiencing rapid growth, characterized by a strong economy and increasing commercial and residential demand. The building, previously a Dairy Queen, is currently operating as Bon Galbi Korean BBQ under a new lease. The property includes a drive-thru, offering versatility for various business operations. The building is set up as a QSR.
Key Highlights
- Income‑producing property with a new lease in place.
- Located in McAllen, Texas, a fast‑growing city with a robust economy.
- Excellent long‑term investment potential.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
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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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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Income-producing property with drive-thru in fast-growing McAllen, Texas.
Where is this drive through restaurant located?
The property is located at 1501 N 23rd St McAllen, TX.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Income‑producing property with a new lease in place.; Located in McAllen, Texas, a fast‑growing city with a robust economy.; Excellent long‑term investment potential.
