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    318 Broadway St McAllen, TX 78501

    For Sale
    $995,000

    Prime McAllen retail, 8 units, high traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a prime retail property situated at the bustling intersection of Broadway and Dallas Streets in the heart of McAllen, Texas. The property, encompassing two legal descriptions, offers a total of eight individual retail spaces, totaling approximately 10,791 square feet. The building boasts a desirable tenant mix, ensuring consistent income potential. Constructed in 1985, the structure features a classic brick exterior with attractive glass storefronts, creating a welcoming and visible presence. The property's location on a prominent corner provides excellent visibility and accessibility, benefiting from high foot traffic and proximity to major roadways. Furthermore, its strategic location places it within easy reach of numerous other retail establishments, banks, and restaurants, enhancing its appeal to both tenants and customers. The expansive 13,000 square foot lot provides ample space and potential for future development or expansion. This well-maintained property offers a compelling investment opportunity in a thriving Texas market. The addresses included are 314, 316, 318, and 320 South Broadway Street, and 1306, 1308, 1310, and 1312 Dallas Avenue, all within the 78501 zip code. The asking price for this exceptional property is $995,000.

    Property Features for 318 Broadway St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1985

    HighLights

    • $995,000 asking price.
    • 10,791 square foot retail property.
    • Located at the corner of Broadway and Dallas in Downtown McAllen, TX.
    • Eight (8) retail spaces with a diverse tenant mix.
    • Built in 1985 on a 13,000 square foot lot.
    • Brick building with glass storefronts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dream Dress Boutique Dress Store mayra ibarra Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    -98.234193
    Latitude
    26.200646

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    FAQs

    What type of property is this?
    Retail property - Prime McAllen retail, 8 units, high traffic
    Where is this retail property located?
    The property is located at 318 Broadway St McAllen, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: $995,000 asking price.; 10,791 square foot retail property.; Located at the corner of Broadway and Dallas in Downtown McAllen, TX.
    (956) 682-3000
    Request Owner's contact information
    318 Broadway St 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
    318 Broadway St McAllen, TX 78501
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