Remodeled Laundromat on Busy Road

809 N Ware Road, McAllen, TX 78501

View on Map

For Sale

Contact for pricing

Recently remodeled laundromat with new equipment and income-generating potential.

Type:Land

Property size:

2,790 SF

Price / SF:

$249/SF

HighLights

Recently remodeled with all new washers and dryers (18 of each).
Located on a busy road in McAllen.
Includes three offices available for lease, generating extra income.
Open 24 hours and generating increasing monthly income.
Features several commercial washers and dryers in addition to the standard units.
Includes amenities such as folding tables, laundry carts, coin machines, vending machines, TVs, internet, office, and storage.

We can help!

Listing Contact

Martin Manzo

For Sale

Contact for pricing

Recently remodeled laundromat with new equipment and income-generating potential.

Type:Land

Property size:

2,790 SF

Price / SF:

$249/SF

Added:: Jul 16, 2024
Days on Market:: 705
Last Refresh:: May 12 at 8:15 pm

Property Features for 809 N Ware Road

General Information

Standard status: Active
Size: 2,790 SF
Property subtype: Land

Building Details

Year Built: 1998

We can help!

Listing Contact

Martin Manzo

Listing agent Martin Manzo License #TREC # 0579568

Listing office BERKSHIRE HATHAWAY HOMESERVICES RGV REALTY

Listing date Jul 16, 2024

Source Crexi

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 BERKSHIRE HATHAWAY HOMESERVICES RGV REALTY

HighLights

Recently remodeled with all new washers and dryers (18 of each).
Located on a busy road in McAllen.
Includes three offices available for lease, generating extra income.
Open 24 hours and generating increasing monthly income.
Features several commercial washers and dryers in addition to the standard units.
Includes amenities such as folding tables, laundry carts, coin machines, vending machines, TVs, internet, office, and storage.

Overview

This recently remodeled laundromat is located on a busy road in McAllen. The facility includes 18 new washers and 18 new dryers, along with several commercial-grade machines. The property features ample folding tables, laundry carts, two coin machines, and two vending machines. For customer convenience, there are also TVs and internet access. The setup includes an office and storage space. Additionally, the property offers three offices available for lease, providing an opportunity to generate extra income. There are several assigned parking spaces and an area designated for a food truck. The laundromat operates 24 hours a day and is reportedly generating increasing income monthly. The property size is 2790 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$60.3k	$21.60
− Vacancy	−$3.4k	−$1.21
EGI	$56.9k	$20.39
− OpEx	−$17.1k	−$6.12
NOI	$39.8k	$14.27

2,790 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$568.9K

$497.8K – $663.7K (±1% cap)

NOI $39,822 @ 7.0% cap · market cap 5.73%

Second Best

—

no second resolved use

Theoretical Best

Office A

$757.6K

$662.9K – $883.9K (±1% cap)

NOI $53,032 @ 7.0% cap · market cap 7.63%

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

Property Profile Location Intelligence

Current Use by Public Records

Road Assistance 24/7 Auto Repair Shop All Valley Laundry (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: McAllen
County: Hidalgo
State: Texas
Longitude: -98.260886
Latitude: 26.215349

Nearby Similar for Sale

$665,000

2,790 SF

Retail Laundromat with Office Rentals

Turnkey laundromat with on-site rental offices and coin-operated equipment, supported by parking for day-to-day customer flow.

809 N Ware Road, McAllen, TX 78501

View Details
$615,000

1,890 SF

Move-In Ready Freestanding Office Building

Turnkey office with updated interiors, private offices, and rear alley access plus gated off-street parking.

110 Pecan Boulevard, McAllen, TX 78501

View Details
$700,000

8,253 SF

Historic Turnkey Restaurant Building

Totally remodeled historic building with kitchen and dining-ready infrastructure, currently leased and operating in a high-activity district.

200 S 17th Street, McAllen, TX 78501

View Details
$650,000

4,000 SF

McAllen Office Building For Sale

Free-standing 4,000 SF office building in a business park.

900 E Redbud Avenue, McAllen, TX 78504

View Details
$4,400,000

30,863 SF

Single-Story Multi-Use Medical Facility

Single-story campus with multiple entrances, recovery rooms, classrooms, and outdoor amenities for medical or education-focused operations.

5101 N Jackson Road, McAllen, TX 78504

View Details
$2,900,000

7,890 SF

High-Traffic Commercial Investment Opportunity

Fully operational oil and lube business on Trenton Road.

2600 Trenton Road, McAllen, TX 78504

View Details
$549,000

3,978 SF

Newly Built Fourplex with Modern Interiors

New fourplex offering two 3-bedroom and two 2-bedroom units with open layouts, tile floors, and contemporary finishes.

5800 Ozark Avenue, McAllen, TX 78504

View Details
$1,100,000

3,060 SF

McAllen Mixed-Use Corner Property

Versatile 3,060 sq ft property suitable for business or residence.

2929 N Ware Road, McAllen, TX 78501

View Details
$5,000,000

13,585 SF

Well-Established Restaurant For Sale

For sale established restaurant on high-traffic corridor near hotels and major retail and healthcare.

601 W Expressway 83, McAllen, TX 78503

View Details
$440,000

2,790 SF

Downtown Retail Building with Separate Unit

Retail building with a flower shop setup plus an additional leasable unit for office or boutique use.

806 S 16 1/2 Street, McAllen, TX 78501

View Details
$515,000

3,832 SF

Modern Fourplex with In-Unit Laundry

A modern, fully occupied fourplex in McAllen with in-unit washer/dryer and covered parking per unit.

3504 Fuerte Avenue, McAllen, TX 78504

View Details
$2,500,000

14,000 SF

Corner Lot in McAllen, TX

Corner lot in McAllen, TX, suitable for commercial use.

120 S Broadway Street, McAllen, TX 78501

View Details

For sale
Retail space
TX
McAllen
78501
809 N Ware Road

What type of property is this?

Retail space - Recently remodeled laundromat with new equipment and income-generating potential.

Where is this retail space located?

The property is located at 809 N Ware Road McAllen, TX.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Recently remodeled with all new washers and dryers (18 of each).; Located on a busy road in McAllen.; Includes three offices available for lease, generating extra income.