3620 Buddy Owens Blvd McAllen, TX 78504
- Retail properties
- 2,631 SF
- 0.43 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3620 Buddy Owens Blvd
- Year built
- 1983
- Lot size
- 0.43 lot acres
- Property size
- 2,631 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 0.43-acre commercial property, located at the hard corner of Buddy Owens Boulevard and Ware Road in McAllen, Texas, presents a unique investment opportunity. The site boasts a 2,631 square foot building, previously a 7-Eleven convenience store, situated on a highly visible corner with excellent traffic counts exceeding 40,000 vehicles per day. The property benefits from a signalized intersection and co-tenancy with national retailers, ensuring high visibility and accessibility. All underground storage tanks have been removed, and a clean environmental report is available, eliminating potential environmental concerns. The property is zoned C-2, allowing for a variety of retail and service uses. The building, constructed in 1983, is currently vacant, offering a blank canvas for redevelopment. The sale includes a fee simple ownership with an absolute NNN lease type, and the property is credit-rated. The asking price is $900,000, with a net operating income (NOI) of $90,000. The property's location in McAllen, Hidalgo County, Texas (zip code 78504) provides access to a thriving market. This is a rare opportunity to acquire a prime commercial property in a high-growth area. The property is currently vacant and ready for immediate development. The 1-year remaining lease term expires December 31, 2025.
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
- -98.2541
- Latitude
- 26.2495
