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    516-518 Broadway St McAllen, TX 78501

    Sponsored
    For Sale
    $600,000

    Prime Downtown McAllen Office Building & Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents two separate office spaces totaling 5,000 square feet situated on a 6,500 square foot lot in the heart of McAllen's central business district (CBD). Located on Broadway Street, this property enjoys a highly visible and convenient location, just over a block north of McAllen City Hall and directly adjacent to several consulates (Mexico, Honduras, El Salvador, and Guatemala). Across the street, you'll find established law offices and other professional businesses, creating a strong sense of community and reinforcing the area's professional character. Built in 1980, the building has recently undergone significant improvements, including a new roof, and is currently undergoing upgrades to its HVAC system and interior spaces. This presents a unique chance to acquire a well-established office building in a thriving downtown area, offering immediate income potential and significant long-term growth prospects. The asking price for this prime McAllen commercial property is $600,000. The property's strategic location, coupled with the ongoing renovations, makes it an attractive investment for both seasoned and emerging commercial real estate investors seeking a foothold in a dynamic Texas market. The combination of office space and land provides flexibility for future development or expansion. Don't miss this opportunity to own a piece of McAllen's vibrant downtown core.

    Property Features for 516-518 Broadway St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1980

    HighLights

    • $600,000 asking price.
    • Land and office property totaling 6,500 square feet.
    • 5,000 square feet of office space in two separate units.
    • 1980 construction.
    • Located at 516‑518 Broadway Street, McAllen, TX 78501.
    • Prime downtown McAllen location, near City Hall and multiple consulates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.23448
    Latitude
    26.1987289

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown McAllen Office Building & Land
    Where is this office property / space located?
    The property is located at 516-518 Broadway St McAllen, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price.; Land and office property totaling 6,500 square feet.; 5,000 square feet of office space in two separate units.
    Request Owner's contact information
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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
    516-518 Broadway St McAllen, TX 78501
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