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Property profile & analytics
OFF-MARKET
Office Spaces

101 Savannah Ave McAllen, TX 78503

7,236 SF Built 1986
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1986
Total area 7,236 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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