101 Savannah Ave McAllen, TX 78503
This exceptional value-add investment opportunity presents three vacant medical office suites totaling 7,236 square feet, situated at 101 E Savannah Ave, McAllen, TX 78503. The property, classified as Class B, features 6,163 net rentable square feet, priced at $81.26 per square foot, with an asking price of $588,000. Built in 1986, the three-story building comprises three individual units, offering a versatile space ideal for various medical practices. Located in Hidalgo County, this property benefits from its strategic position across the street from the 320-bed Rio Grande Regional Hospital, a well-established healthcare facility with over 40 years of service and part of the HCA network. The surrounding area boasts a thriving medical complex, including numerous clinics and hospitals, ensuring high visibility and accessibility for potential tenants. The property is currently vacant, presenting a unique chance for an investor to renovate and lease to medical professionals, capitalizing on the strong demand in McAllen's healthcare market. The "as is" condition allows for customization to meet specific tenant needs and maximize return on investment. This property offers a compelling opportunity to acquire a well-located medical office building with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.