McAllen, TX 78501
- Office Properties & Spaces
- 8,000 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details
- Property size
- 8,000 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 8,000-square-foot Class B office building in McAllen, Texas presents a compelling investment opportunity. Located on a one-acre lot with excellent visibility and high traffic counts, this multi-tenant property boasts a 95% occupancy rate and a strong 5.00% capitalization rate. The asking price is $975,000. The property features a traditional office layout, ideal for a variety of businesses. Its strategic location on W Business 83 offers easy access to Interstate Highway 2, a significant advantage for both tenants and investors. The property benefits from a signalized intersection, further enhancing its visibility and accessibility. A key benefit is its proximity to the McAllen-Hidalgo International Bridge, with a convenient 23-minute drive time. This gross lease structure simplifies management, making it an attractive option for investors seeking a low-maintenance, high-return property. The property's strong performance and prime location make it a highly desirable investment in the thriving McAllen market. The building is situated in Hidalgo County, Texas, with a zip code of 78501.
Value Estimation
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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
- -98.2702
- Latitude
- 26.209
