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    321 Broadway St McAllen, TX 78501

    For Sale
    $495,000

    Prime McAllen storefront, 5,800 SF, 3 units.

    Property size:
    5,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a 5,800 square foot retail storefront located at 321 & 323 S. Broadway St in McAllen, Texas. The property, situated on a 0.107-acre corner lot, boasts a prominent location in the heart of downtown McAllen, at the intersection of Broadway and Dallas Avenue. Built in 1966, this Class C building features a striking glass storefront and offers easy access to major roadways. The property includes three units, making it ideal for a variety of uses, including retail, office, or showroom space. With a total of 5,800 square feet, the asking price is $495,000, translating to $85.34 per square foot. The property is zoned C and benefits from its proximity to numerous retail establishments, banks, and restaurants. This multi-tenant property is offered with a gross lease type. The Hidalgo County property features APN M1950-00-030-0012-01 and a 78501 zip code. This is a rare chance to acquire a well-positioned commercial property in a thriving Texas market.

    Property Features for 321 Broadway St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,800 SF
    Class
    C
    Lot Size
    4,661 SF

    Building Details

    Year Built
    1966
    Buildings
    1
    Units
    3

    HighLights

    • High‑visibility corner lot.
    • Modern glass storefront.
    • Excellent access to major highways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Erika's Boutique Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.23391204
    Latitude
    26.20028869

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    FAQs

    What type of property is this?
    Individual retail property - Prime McAllen storefront, 5,800 SF, 3 units.
    Where is this individual retail property located?
    The property is located at 321 Broadway St McAllen, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: High-visibility corner lot.; Modern glass storefront.; Excellent access to major highways.
    Request Owner's contact information
    321 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
    321 Broadway St McAllen, TX 78501
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