Current Use by Public Records
- Office Spaces
Property Details for 101 Savannah Ave
- Year built
- 1986
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2212
- Latitude
- 26.1853
